Core Viewpoint - The recent significant rise in bond yields in South Korea is notable, with the 3-year government bond yield surpassing 3.2% while the policy rate remains at 2.5% [1] Group 1: Bond Market Insights - The current bond yields are considered to be in a relatively high range, above 2%, based on historical averages during periods when the policy rate is stable [1] - The increase in yields reflects various factors, including market expectations and strong stock market performance [1] Group 2: Economic Context - Despite the rise in yields, the current economic and inflation conditions have not deviated significantly from the inflation target or potential growth rate [1] - The current yield levels are perceived as "somewhat excessive" given the prevailing economic indicators [1]