Risk and sentiment
Korea Treasury 5Y
The five-year Korea Treasury yield, the belly of the curve between the 3-year and 10-year points. It frames medium-term funding conditions and helps read changes in the shape of the yield curve.
At a glance
Korea Treasury 5Y: latest value and prior change
As of 2026-09-17, Korea Treasury 5Y is 4.26 %. It is 0.03 pp lower than 4.29 % on 2026-09-16.
Within the default comparison window of 1,000 observations from 2022-08-22 to 2026-09-17, the latest value is at the tie-adjusted 98th percentile. Available history covers 2000-01-04 to 2026-09-17 with 6,612 observations.
- Observed on
- Default comparison window
- 2022-08-22–2026-09-17
- 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 5Y
2000-01-04–2026-09-17
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.
Recent observations and calculated changes
The ten latest chart observations. Change subtracts the previous observation; intervals vary with holidays, release schedules and missing data. A difference in rates or ratios is not an investment return.
| Observed | Value | Previous date | Difference (current − previous) |
|---|---|---|---|
| 2026-09-17 | 4.26 % | 2026-09-16 | -0.03 %p |
| 2026-09-16 | 4.29 % | 2026-09-15 | -0.06 %p |
| 2026-09-15 | 4.34 % | 2026-09-14 | 0.07 %p |
| 2026-09-14 | 4.28 % | 2026-09-11 | 0.01 %p |
| 2026-09-11 | 4.27 % | 2026-09-10 | 0.08 %p |
| 2026-09-10 | 4.19 % | 2026-09-09 | 0.05 %p |
| 2026-09-09 | 4.14 % | 2026-09-08 | 0.01 %p |
| 2026-09-08 | 4.13 % | 2026-09-07 | 0.01 %p |
| 2026-09-07 | 4.12 % | 2026-09-04 | 0.02 %p |
| 2026-09-04 | 4.10 % | 2026-09-03 | -0.02 %p |
Source: Bank of Korea ECOS
Interpretation guide
The 5-year Korea Treasury: the belly of the curve
The five-year Korea Treasury yield anchors the middle of the curve. Where the 3-year mostly prices monetary policy expectations and the 10-year carries long-run growth and inflation views, the 5-year sits where the two meet — often revealing policy-cycle turns relatively early.
Where the 5-year sits on the curve
Early in easing cycles, policy-sensitive short maturities fall first and the 5-year follows, steepening the curve. Late in tightening cycles the 5-year can invert above the 10-year.
- A narrowing 3-year-to-5-year gap means cut expectations have spread into the belly.
- The 5-year yielding more than the 10-year signals medium-term recession pricing.
- Shifts in the 5-year share of issuance plans move the yield through supply.
What it means for markets and the real economy
The 5-year is the standard reference for corporate and bank bond issuance, so it transmits directly into medium-term corporate funding costs, and it serves as a benchmark yield for insurers and pension funds.
- A rising 5-year raises corporate issuance costs and cools funding activity.
- Read with TapeFlow's 3-year and 10-year to see the whole curve shape.
- Its gap to corporate bond yields is the credit spread — a risk-appetite gauge.
Uses and misreads
The 5-year alone rarely settles a policy question. It carries signal through its relationship to shorter and longer maturities — read the curve's changing shape.
- Curve slope explains the cycle better than the level of any single yield.
- Foreign net buying of won bonds is a major swing factor in 5-year supply and demand.
- The spread to US 5-year yields is a background driver of FX and capital flows.