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Korean interest rate swaps are up.......>

KOREA RATES
KOREA RATES: Korean interest rate swaps are up marginally today, adding to
yesterday's strong gains, with the 2-year looking to mount a recovery after
failing to hit fresh ytd lows last week despite the 10-year doing so. 
- The 2s-10s curve is edging higher after hitting decade lows of just 2bps last
week. 
- The recovery in rate markets is coming despite still-low breakeven rates which
are being pressured by low oil prices. 
- US-Korea rate spread remains flat at 107bps as the two markets becoming
increasingly correlated. 

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