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Bond yields rise sharply in January amid waning rate cut hopes

Yield rates on Korean state bonds rose sharply in January from the previous month, as anticipation for a rate cut both in the United States and Korea waned, market data showed Thursday. The yield on three-year Treasurys came to 3.138 percent as of the end of January, up 18.5 basis points from a month earlier, according to the data from the Korea Financial Investment Association (KOFIA). [...]