South Korea Prepares Contingency Plan Amid Swings in Bond Market

South Korea Prepares Contingency Plan Amid Swings in Bond Market

SeongJoon Cho/Bloomberg

Morning commuters ride on an escalator at a subway station in Seoul. In South Korea, the yield on benchmark three-year bonds jumped 29 basis points to 2.78 percent in May, the first increase in six months and the biggest gain since January 2011.