South Korean government bond prices closed unchanged on Monday on caution ahead of industrial output data this week that could show growing optimism in the economy, while trade was also thinned ahead of the year-end.
Many investors have already emptied their holdings ahead of year-end book-closing amid growing signs of strengthening economic fundamentals, following two interest rate rises that had driven treasury yields higher in the second half of the year.
Some dealers say the November industrial output data, due on Thursday, may show double-digit annual growth, up from an 8.0 percent rise in October from a year earlier.