Financial authorities hold meeting to assess impact of US, Japan bond yield surge
The meeting, chaired by acting Finance Minister Kim Beom-suk, brought together Bank of Korea Governor Rhee Chang-yong, Financial Services Commission Chairman Kim Joo-hyun and Financial Supervisory Service Governor Lee Bok-hyun, according to the Ministry of Economy and Finance.
The meeting came amid heightened global market volatility, triggered in part by a sharp uptick in long-term bond yields.
On Wednesday, the yield on 30-year US Treasury bonds rose 12.3 basis points to 5.092 percent, its highest closing level since October 2023. Similarly, yields on Japan's 30-year and 40-year government bonds hit multi-year highs earlier this week.
The authorities emphasized that they will remain vigilant and take timely actions to ensure market stability. (Yonhap)
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