South Korea’s long-term government bond yields declined for a second consecutive session on September 4, while remaining near annual highs as global borrowing costs stayed elevated. The 10-year South Korean government bond yield fell 0.004 percentage points to 4.363% at 3:30 p.m., after reaching an annual high of 4.447% in July. The U.S. 10-year Treasury yield stood at 4.769% after touching 4.818% in the previous session, its highest level since November 1, 2023, while the 30-year yield remained above 5% for a 55th consecutive day, the longest such streak since 2006. Deputy Prime Minister and Minister of Finance and Economy Koo Yun-cheol chaired a September 4 Market Situation Review Meeting, where officials said pressure from rising interest rates was persisting. They identified renewed Middle East tensions, expanded government bond issuance, possible policy-rate increases by major economies and bond sales by artificial-intelligence companies as risks to yields. The government said it would prevent excessive volatility, assess risks to vulnerable borrowers and mutual financial institutions, and implement previously announced support measures without delay.