South Korean treasury bond prices fell on Monday as investors sold off debt and snapped up shares on growing hopes of economic recovery. The yield on benchmark five-year treasury bonds rose 5 basis points to 4.86 percent, while the three-year treasury bond yield jumped 6 basis points to 4.40 percent.
September treasury bond futures declined 17 ticks to end at 109.30, wiping out their Friday gains. On the primary market, new 20-year treasury bonds were sold at an average yield of 5.64 percent, pushing the yield on the secondary market a sharp 11 basis points higher.