The 3-Year Korea Treasury Bond (KTB) auction is a primary issuance of South Korean government debt with a three-year maturity period. It serves as a critical benchmark for short-to-medium term interest rates within the South Korean financial markets. Investors closely monitor the auction's average yield and the bid-to-cover ratio to gauge domestic liquidity conditions and investor appetite for sovereign debt. The results often reflect market expectations regarding the Bank of Korea's future monetary policy path.
The auction is conducted via a competitive bidding process managed by the Ministry of Economy and Finance. Primary dealers submit bids specifying the yield and quantity, and the bonds are allocated starting from the lowest yield until the target amount is reached.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 10, 2026 | 3.78 | — | — |
| Jul 6, 2026 | 3.77 | — | — |
| Jun 8, 2026 | 4.00 | — | — |
| May 11, 2026 | 3.58 | — | — |
| Apr 6, 2026 | 3.45 | — | — |
| Mar 9, 2026 | 3.47 | — | — |
| Feb 9, 2026 | 3.25 | — | — |
| Jan 12, 2026 | 2.96 | — | — |
| Dec 8, 2025 | 2.97 | — | — |
| Nov 10, 2025 | 2.87 | — | — |
| Oct 13, 2025 | 2.56 | — | — |
| Sep 8, 2025 | 2.43 | — | — |
| Aug 11, 2025 | 2.42 | — | — |
| Jul 7, 2025 | 2.45 | — | — |
| Jun 9, 2025 | 2.42 | — | — |
| May 12, 2025 | 2.33 | — | — |
| Apr 7, 2025 | 2.42 | — | — |
| Mar 10, 2025 | 2.59 | — | — |
| Feb 10, 2025 | 2.62 | — | — |
| Jan 13, 2025 | 2.63 | — | — |
| Dec 9, 2024 | 2.53 | — | — |
| Nov 11, 2024 | 2.84 | — | — |
| Oct 14, 2024 | 2.92 | — | — |
| Sep 9, 2024 | 2.88 | — | — |
| Aug 12, 2024 | 2.94 | — | — |
| Jul 8, 2024 | 3.10 | — | — |
