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Amid the global bond market turmoil, South Korea reduces government bond issuance, while Japan states it will appropriately control the total annual government bond issuance.
As the global bond market sell-off continues to intensify, South Korea announced it would reduce its planned October government bond issuance by 5 trillion KRW to 12 trillion KRW and stated it would consider further supply cuts if needed. On the same day, Japanese Prime Minister Sanae Takaichi stated that the annual total issuance of government bonds would be appropriately controlled. Today, U.S. Treasury yields surpassed 5.3%, hitting their highest level since 2002, while UK bond yields rose above 6%, reaching a new high since 1998.
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