The Ministry of Finance raised the coupon rate on the 10-year government bonds issued in October from 2.7% to 3.1%, bringing it to its highest level in approximately 30 years, since August 1996.
The Ministry of Finance raised the coupon rate on the 10-year government bonds issued this month from 2.7% to 3.1%, bringing it to its highest level in approximately 30 years. This will set long-term government bond yields at a new level.
The coupon rate is reviewed every 3 months as part of the operating process, and the latest increase was reportedly decided within that cycle. Some market participants believe the market reaction will vary depending on future developments.