Risk and sentiment
Korea Treasury 10Y
Korean 10-year treasury bond yield.
At a glance
Korea Treasury 10Y: latest value and prior change
As of 2026-07-23, Korea Treasury 10Y is 4.39 %. It is 0.00 pp lower than 4.39 % 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 99th percentile. Available history covers 2016-01-04 to 2026-07-23 with 2,598 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 Treasury 10Y
2016-01-04–2026-07-23
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
The Korea Treasury 10Y: growth and inflation expectations plus foreign bond flows in one price
The Korea Treasury 10Y is the secondary-market yield on 10-year Korean government bonds and the benchmark long-term rate, updated every trading day. It compresses the market's combined outlook for growth and inflation over the next decade, plus a term premium and supply-demand effects, into a single number.
Decompose the yield before you interpret it
Long yields break down into the expected path of short rates, inflation expectations, and a term premium compensating for uncertainty. Which component moved determines what the change means for equities.
- Yields rising on improving growth expectations often climb alongside KOSPI.
- Yields rising on inflation worry or fiscal-supply pressure are a headwind for equity valuations.
- Correlation with global rates — U.S. Treasuries above all — is strong, so many moves have no domestic explanation.
The foreign-flow variable
Foreign investors hold a meaningful share of Korean government bonds, and index-tracking money has mattered more since WGBI inclusion. Their buying and selling is entangled with won supply and demand, not just with yields.
- Foreign net selling combined with spiking yields and a weakening won warrants attention to capital-outflow pressure.
- Reading it alongside Korea FX Reserves helps size the buffer against external shocks.
- Index inclusion and rebalancing events can move yields for reasons unrelated to fundamentals.
Baselines for interpretation
The 10-year yield is safer to read relative to the policy rate and inflation than in absolute terms. Both surges and plunges can be good or bad news depending on the driver.
- A 10-year yield far below the BOK Base Rate means the market is pre-pricing substantial cuts.
- A yield below Korea CPI YoY is a warning that long-term real returns are negative.
- Check the curve's overall shape separately via the Korea 10Y-3Y Spread before concluding.