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BOK Governor Lee Ju-yeol's press........>

KOREA RATES
KOREA RATES: BOK Governor Lee Ju-yeol's press conference revealed very little
new information on the thoughts of the BOK. He noted a slight downward revision
to growth but also that it is not the time to consider easing, with USDKRW and
the Korean rate curve showing little response.
- The 6 month swap is up 1bps last causing an increase in the curve inversion at
the short end. Today's rally in the Kospi, which has finally broken above its
Nov 29 highs to hit three month highs, suggests rates face upside risks as risk
appetite improves. 

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