韩国央行年10月金融市场走势（英）

Financial Market Trends in October 2025▣ Treasury bond yields have risen significantly since late October,amid heightened caution over financial stability and expectationsof an economic recovery.▣ The KOSPI saw a large rise, boosted by a buoyant semiconductorsector,improved performancesatmajordomesticcorporations,and the reaching of an agreement in Korea-U.S. tariff negotiations.▣ Bank lending to both the household sector (+1.9trillionwoninSeptember2025 → +3.5trillionwoninOctober)and the corporatesector (+5.3 trillion won → +5.9 trillion won) grew by larger amounts inOctober than in the previous month.▣ Deposit-taking by banks declined significantly in October (+31.9 trillionwon in September 2025 → -22.9 trillion won in October), while funds undermanagement at asset management companies increased sharply (-4.2trillion won → +50.6 trillion won ).1 / 61Interest Rates and Stock Prices□ Treasury bond yields have risen significantly since late October,amid heightened caution over financial stability and expectations ofan economic recovery.□ Major short-term interest rates increased, driven by those on bankdebentures, reflecting changing expectations of a rate cut and anincrease in issuance volume.□ The KOSPI saw a large rise*, boosted by a buoyant semiconductorsector, improved performances at major domestic corporations, andthe reaching of an agreement in Korea-U.S. tariff negotiations.* The index passed 4,200 on Nov. 3 (to reach 4,221.9), hitting a record high,but later exhibited somewhat higher volatility due to concerns over the globalovervaluationofAI-relatedstocksandtostocksalesforprofit-takingfollowing a short-term surge.Major Interest Rates and KOSPI(end-period, %, %p)　Dec 2023 Dec 2024Aug 2025Sep(A)OctNov 12(B)B - A￭Treasury bonds (3-yr)3.152.602.432.582.722.920.34￭Treasury bonds (10-yr)3.182.862.822.953.063.280.33￭U.S. Treasury bonds(10-yr)3.884.574.234.154.084.12-0.03￭Corporate bonds(3-yr, AA-)1)3.893.282.893.023.123.330.31￭Corporate bonds (3-yr, A-)1)5.274.284.024.154.254.460.31￭Corporate bonds(3-yr, BBB+)1)7.926.646.336.466.566.770.31￭Monetary Stabilization Bonds(91-day)1)3.462.962.332.352.382.440.09￭Bank debentures(3-month)1)3.873.342.482.532.612.690.16￭CDs (91-day)3.833.392.532.572.552.610.04￭CP (A1, 91-day)4.323.582.732.732.762.840.11￭KOFR2)3.673.062.502.542.522.51-0.03￭KOSPI2,6552,3993,1863,4254,1084,150+21.2(%)￭KOSDAQ867678797842900907+7.7(%)Notes: 1) Average yields on bonds rated by four private Korean credit rating agencies.2) Korea Overnight Financing Repo Rate (KOFR), period average, based on Nov. 1-11, 2025.3) As of Nov. 11, 2025.2 / 62Household Loans□ Bank lending to the household sector grew by a larger margin inOctober than in the previous month (+1.9 trillion won in September2025 → +3.5 trillion won in October; +3.8 trillion won in October 2024).o Growth in home mortgage loans slowed(+2.5trillionwon → +2.1trillion won), due to a decrease in demand for jeonse leaseholddeposit loans and to the effects of slowed housing transact