Credit and leverage
Korea Corporate Bond BBB- 3Y
Korean BBB- 3-year corporate bond yield.
At a glance
Korea Corporate Bond BBB- 3Y: latest value and prior change
As of 2026-07-23, Korea Corporate Bond BBB- 3Y is 10.41 %. It is 0.00 pp higher than 10.40 % on 2026-07-22.
Within the default comparison window of 1,000 observations from 2022-06-27 to 2026-07-23, the latest value is at the tie-adjusted 65th percentile. Available history covers 2000-09-30 to 2026-07-23 with 6,490 observations.
- Observed on
- Default comparison window
- 2022-06-27–2026-07-23
- Observations · observed cadence
- 1,000 · Daily
- Data source
- Bank of Korea ECOS
A high or low percentile does not by itself make the indicator positive, negative, or a buy or sell signal.
Time-series chart
Korea Corporate Bond BBB- 3Y
2000-09-30–2026-07-23
Long-history series are stored as real provider observations. Index, FX, VIX, and ratio charts use historical backfill where providers expose it; Korean investor flow and margin-credit feeds expand as stable historical endpoints become available.
Interpretation guide
Watching fragile corporate funding through the BBB- 3-year yield
The Korea Corporate Bond BBB- 3Y rate is the daily mark-to-market benchmark yield for three-year bonds rated BBB-, the lowest rung of investment grade, published by the Korea Financial Investment Association. Sitting one notch above speculative grade, it prices the funding costs that weaker-credit Korean firms must bear and exposes the weakest link in the domestic credit market.
Life at the boundary rating
Demand in Korea's corporate bond market clusters around the AA tier, leaving the BBB- primary and secondary markets extremely thin. This yield therefore sits far above high-grade levels and represents the segment where buyers disappear first when conditions sour.
- This yield rising faster than Korea Corporate Bond AA- 3Y signals credit differentiation is underway.
- The high absolute level is structural; focus on the size and direction of short-window changes instead.
- Falling quoted yields mean little if new issues keep failing to sell in the primary market.
Marginal firms and downside equity risk
Spikes in the BBB- yield directly raise rollover burdens for lower-rated firms and push crowded-out borrowers toward bank loans or private placements. If such phases persist, individual credit events can spread into broad equity risk aversion.
- During yield spikes, first screen holdings for low ratings or concentrated debt maturities.
- Check whether Korea BBB- Credit Spread 3Y is widening in tandem to separate rate from credit drivers.
- Markets with more fragile balance sheets, notably KOSDAQ, are relatively more sensitive to this stress.
Limits of a valuation-based yield
Trades in the BBB- segment are scarce, so the quoted yield can diverge from executable levels and pricing agencies may update with a lag. Treat this series as a gauge of direction and stress intensity rather than a precise price.
- Do not trust a calm quoted yield alone; verify whether actual deals are pricing and at what coupons.
- Allow for series breaks when the rated constituent pool or valuation methodology changes.
- In crisis phases this yield can react late, so watch short-term funding markets such as CP first.