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Article: S. Korea to use 5-year Treasuries for debt benchmark yield.
- Article from:
- YON - Yonhap News Agency of Korea
- Article date:
- February 22, 2006
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SEOUL, Feb. 21 (Yonhap) -- South Korea plans to use 5-year Treasuries for benchmark yields starting from next month as part of its efforts to nurture the local debt market, the country's Finance Ministry said Tuesday.Also, the bidding price unit for Treasuries will be cut to 1 billion won (US$1.03 million) from the current 10 billion won to allow individual investors to invest in debts, according to the ministry.The trading volume of 5-year Treasuries accounted for roughly 41 percent of the total last year, which means that there would be no problem for their yields to serve as benchmark yields for the local bond market, according to the ministry.So far, 3-year ...