Korea’s Three-Year Yield Near Record Low After Treasuries Rally
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The yield on South Korea’s three-year government bonds was near a record low as a slump in oil prices boosted demand for relatively safer assets.
Global sovereign notes have rallied, with the benchmark 10-year U.S. Treasury yield slipping below 2 percent yesterday for the first time since October, as the drop in crude damped the outlook for the world economy. Overseas investors sold more South Korean equities than they bought today, set for the first outflow in a week, exchange data show.