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

KOREA RATES
KOREA RATES: Korean 10 year bond futures are off 27bps as the key 21-dma support
level comes back into focus amid a recovery in global risk appetite.
- Interest rate swaps are seeing renewed upside after failing to break lower on
Friday, with the 10 year up 2bps amid some slight steepening. 
- The Korean equity market has resumed its rise, gaining 0.8% to return the
focus to the 200-dma, and we continue to see the equity rally putting upside
pressure on rate expectations. 
- Additionally, the recent resumption in the global oil price rally should begin
to put upside pressure on Korean breakevens. 

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