South Korean government bond prices reversed an earlier rebound on Friday as investors favoured shares after quickly digesting weak US data and instead betting on more signs of economic recovery in coming weeks. Short-end notes fell further, prompting a financial regulatory official to give an allaying remark that the yield on 91-day certificates of deposit would not gain much without adjustments to policy rates.
The benchmark five-year treasury yield rose 5 basis points to a near nine-month high of 5.06 percent and the yield on three-year treasuries jumped 9 basis points to 4.61 percent.
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