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2-year swap last deals at 1.82%,........>

KOREA RATES
KOREA RATES: 2-year swap last deals at 1.82%, adding another 1bps today after
yesterday's recovery through support turned resistance at 1.80%.
- The drop in oil prices has seen Korean breakevens fall back to their lowest
level since April, putting upside pressure on real yields. 
- Recent comments from BOK board members that the Nov hike was largely aimed at
easing anxiety of the widening US-Korea rate gap suggests that rates will
continue to trade closely with the US. Correlations between both markets have
surged over the past few weeks.

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