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SOUTH KOREA: Futures Ending Week on Strong Note. 

SOUTH KOREA
  • South Korea’s 10YR bond futures are ending the week strongly, up by +.18 to 118.17
  • Buoyed by overnight moves, the gains are unlikely to see the 10YR higher for the week, given losses Tuesday and Wednesday.
  • The 10YR future has edged above the 20-day EMA of 118.16, having bounced off the 50-day EMA of 118.01.
  • The 3YR future is not enjoying as strong a day, rising by just +0.02 to 106.69.
  • The 3 YR is trading at the mid part between the 50-day EMA of 106.73 and the 100-day EMA of 106.62.
  • Data out today saw Korean export price index and import price index weaker than expected for January, whilst unemployment was much stronger.
  • Next week sees data releases for consumer confidence, first 20 days trade and PPI. 
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  • South Korea’s 10YR bond futures are ending the week strongly, up by +.18 to 118.17
  • Buoyed by overnight moves, the gains are unlikely to see the 10YR higher for the week, given losses Tuesday and Wednesday.
  • The 10YR future has edged above the 20-day EMA of 118.16, having bounced off the 50-day EMA of 118.01.
  • The 3YR future is not enjoying as strong a day, rising by just +0.02 to 106.69.
  • The 3 YR is trading at the mid part between the 50-day EMA of 106.73 and the 100-day EMA of 106.62.
  • Data out today saw Korean export price index and import price index weaker than expected for January, whilst unemployment was much stronger.
  • Next week sees data releases for consumer confidence, first 20 days trade and PPI.