SEOUL: South Korean bond prices fell again on Tuesday after a hawkish former Bank of Korea deputy chief was nominated as the next central bank governor the previous day, although safe-haven demand amid mounting tensions in Ukraine limited losses.

The nomination of Lee Ju-yeol on Monday had dashed some bets in the market for an additional cut to interest rates later in the year.

The yield on the benchmark 10-year government bonds rose 3 basis points, while lead March futures on three-year treasury bonds ended down 0.02 point at 105.78.