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Korean 10 year futures are up 38........>

KOREA RATES
KOREA RATES: Korean 10 year futures are up 38 ticks today as they break back
into their downward trend channel keeping alive hopes of a bull flag formation.
Bulls now look to target the channel top at 127.00, above which would suggest a
run at the cycle highs seen on Dec 20. 
- Swap rates are down 2-3bps across the curve amid some bull flattening as the
10 year fails to break above the key 1.86% level to turn the focus back to
1.80%.
- Rate markets continue to diverge from the Kospi which has extended its bullish
trend today. 

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