Government bond yield · South Korea
South Korea 5-Year KTB Auction
The South Korea 5-Year KTB Auction is the yield on South Korea's government debt of that maturity: the annual return an investor earns by buying the bond or bill at today's price and holding it to maturity.
- 重要性
- Low
- 发布时间
- Monthly
- 下次发布
- 货币
- KRW · South Korean won
- 中央银行
- The Bank of Korea
最新数据
最新一期于 2026-10-26 公布，数值为 3.935%。 低于上次的 4.275%。
最近 12 次公布中介于 3.060% 至 4.275%，平均 3.736%。
| 发布时间 | 期限 | 实际值 | 预期值 | 前值 |
|---|---|---|---|---|
| 26 Oct 2026 | – | 3.935% | – | 4.275% |
| 21 Sep 2026 | – | 4.275% | – | 4.131% |
| 24 Aug 2026 | – | 4.131% | – | 4.165% |
| 20 Jul 2026 | – | 4.165% | – | 4.045% |
| 22 Jun 2026 | – | 4.045% | – | 3.940% |
| 21 May 2026 | – | 3.940% | – | 3.530% |
| 20 Apr 2026 | – | 3.530% | – | 3.735% |
| 23 Mar 2026 | – | 3.735% | – | 3.390% |
| 23 Feb 2026 | – | 3.390% | – | 3.385% |
| 26 Jan 2026 | – | 3.385% | – | 3.245% |
| 22 Dec 2025 | – | 3.245% | – | 3.060% |
| 24 Nov 2025 | – | 3.060% | – | 2.735% |
为何重要
Government yields are the base of every other interest rate. Short maturities follow the Bank of Korea's policy rate closely; long ones reflect expected growth, inflation and the risk of holding long debt. Higher yields relative to other countries attract capital and support the South Korean won; the gap between long and short yields (the yield curve) is a classic recession signal when it turns negative.
计算方法
The yield is the interest rate that makes the present value of the bond's coupons and repayment equal to its price; on a calendar it often reports the average yield at a government auction.
Price = Σ coupon ÷ (1 + y)ᵗ + face ÷ (1 + y)ᵀ
Inflation-linked (TIPS) yield ≈ nominal yield − expected inflation变化意味着什么
- Yields rise when prices of bonds fall: strong data and hawkish central banks push yields up.
- An inverted curve (2-year above 10-year) has preceded most US recessions, with a lag of a year or more.
- Inflation-linked yields show the real (after-inflation) return.
简史
Government bond markets go back to the Dutch and English debt of the 17th century; the US Treasury yield curve has been watched as a recession signal since research by Campbell Harvey in the 1980s.
问题
What is the South Korea 5-Year KTB Auction?
The South Korea 5-Year KTB Auction is the yield on South Korea's government debt of that maturity: the annual return an investor earns by buying the bond or bill at today's price and holding it to maturity.
What was the latest South Korea 5-Year KTB Auction?
3.935%, published on 26 October 2026.
When is the next South Korea 5-Year KTB Auction?
On Monday 23 November 2026 at 02:30 UTC.
仅供学习参考，不构成投资建议。数据为我们日历记录的已发布结果；所述市场反应为典型情况，并无保证。