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Korean 10-year futures continue to......>

KOREA RATES
KOREA RATES: Korean 10-year futures continue to head towards their recent highs,
up 20 ticks today to trade at 124.96, temporarily breaking above 125 earlier
today. 
- The space is benefitting from strength in US Tsy futures which rose on Friday
on relatively hawkish comments by Fed members on Friday. Headlines from Asahi
news that North Korea maybe developing surface to ship missiles may also have
provided support. 
- Comments from the BOK on Sunday regarding the threat posed to EMs from a
US-China trade war and the Fed's hiking cycle could also have helped to put
downside pressure on rates at the short end, with 2-year swaps trading down
0.8bps at 1.8670%, seeing US-Korea 2-year swap spreads edge back up to 113bps.

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