Korean 10 year bond futures are a.......>

KOREA RATES: Korean 10 year bond futures are a tick lower today consolidating

Friday's drop as the trend of lower highs from the Dec 20 peak continues. Bulls

need to break above Thursday's high at 127.23 to suggest a bull flag is in play,

but for now the focus remains on the downside. 

- The swap curve is a touch higher last as the 2 year looks to recover the 1.80%

level while the 10 year looks to establish a higher low after holding above

1.80% on Friday. The front end of the curve remains inverted as markets continue

to see a BOK easing as a more likely prospect than hiking, despite the ongoing

rally in the equity market.