The 2-Year Korea Treasury Bond (KTB) auction is a key debt issuance by the South Korean government to manage short-term fiscal requirements. The auction results, particularly the average yield and bid-to-cover ratio, serve as a barometer for investor sentiment regarding the Bank of Korea's near-term monetary policy. High demand typically indicates confidence in the domestic economy or expectations of stable interest rates.
The auction is conducted via a competitive bidding process where primary dealers and institutional investors submit bids. The bonds are allocated starting from the lowest yield offered until the target issuance amount is reached.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 31, 2026 | 3.78 | — | — |
| Aug 3, 2026 | 3.68 | — | — |
| Jun 29, 2026 | 3.67 | — | — |
| Jun 1, 2026 | 3.69 | — | — |
| May 4, 2026 | 3.52 | — | — |
| Mar 30, 2026 | 3.50 | — | — |
| Mar 3, 2026 | 3.03 | — | — |
| Feb 2, 2026 | 3.10 | — | — |
| Jan 5, 2026 | 2.84 | — | — |
| Dec 1, 2025 | 2.88 | — | — |
| Nov 3, 2025 | 2.66 | — | — |
| Sep 29, 2025 | 2.48 | — | — |
| Sep 1, 2025 | 2.37 | — | — |
| Aug 4, 2025 | 2.33 | — | — |
| Jun 30, 2025 | 2.43 | — | — |
| Jun 3, 2025 | 2.33 | — | — |
| Jun 2, 2025 | 2.33 | — | — |
| Apr 28, 2025 | 2.35 | — | — |
| Mar 31, 2025 | 2.67 | — | — |
| Mar 5, 2025 | 2.61 | — | — |
| Mar 4, 2025 | 2.61 | — | — |
| Feb 3, 2025 | 2.63 | — | — |
| Jan 6, 2025 | 2.67 | — | — |
| Dec 10, 2024 | 2.60 | — | — |
| Nov 12, 2024 | 2.89 | — | — |
| Oct 15, 2024 | 2.91 | — | — |
| Sep 10, 2024 | 2.94 | — | — |
| Aug 13, 2024 | 3.00 | — | — |
| Jul 9, 2024 | 3.14 | — | — |
