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Korean bond futures are trading off.....>

KOREA RATES
KOREA RATES: Korean bond futures are trading off their highs following the sale
of KRW500bn bonds, with the 10-year note at daily lows of 124.73. 
- The uptrend remains intact as the space is being supported by the recent drop
in oil prices. Breakeven inflation expectations dropped sharply on Friday in
line with the drop in crude. 10-year yields are trading in lockstep with
inflation expectations, keeping real yields stable at around 110bps. 
- 2-year swaps are edging down again today, trading at 1.8775%, keeping US-Korea
spreads at cycle highs, currently at 124bps. 

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