Markets
South Korea government bond prices end sharply higher
SEOUL : South Korean government bond prices rose sharply on Friday, with the benchmark 5-year yield tumbling to its lowe
SEOUL: South Korean government bond prices rose sharply on Friday, with the benchmark 5-year yield tumbling to its lowest close in more than nine months, as investors sought safety amid a global equities sell-off.
The yield on 5-year treasury bonds shed 13 basis points to 3.77 percent, the lowest close since Oct. 22, 2010.
It was also the sharpest one-day drop in the yield since March 10 this year.
Copyright Reuters, 2011
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