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Korean 2 year swaps have broken above...>

KOREA RATES: Korean 2 year swaps have broken above a key resistance level at
1.80% shifting the near term outlook positive. The 10 year is testing resistance
at 1.8425% would trigger an inverse head and shoulders formation. 
- The move higher across the curve comes amid little headlines news but reflects
the ongoing rally in Korean stocks, which having taken out downtrend resistance
look to to be tracing out a double bottom formation. 
- With the curve at its flattest level since the global financial crisis, the
long end faces acute upside pressure. 

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