According to Yonhap Infomax, South Korean 10-year government bond yields climbed 6.4 basis points to 4.001% on November 13, marking the first time yields have exceeded 4% in eight trading days.
The rise followed overnight U.S. Treasury yields surging two digits, driven by hawkish remarks from Federal Reserve officials. Cleveland Fed President Beth Hammack stated the Fed must shift policy to "restrictive" settings to bring inflation back to 2%, warning that price pressures are moving away from rather than toward the target. Chicago Fed President Austan Goolsbee highlighted persistent inflation in services and healthcare sectors, raising concerns about wage-price spiral risks. Additionally, President Trump adopted a hardline stance toward Iran, pushing WTI crude to $88.74 per barrel, up 2.55% overnight. South Korea's 3-year bond yields also rose 3.0bp to 3.759%.