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Korean rates are a touch higher today.........>

KOREA
KOREA: Korean rates are a touch higher today despite a softening of local
equities. The ongoing recovery in US rates looks to be dragging the Korean curve
higher, supported by the oil-driven bounce in inflation expectation. 
- That said, US-Korea 2-year rate spreads remain elevated following the ~20bp
spike over the past few days on the back of Friday's stronger jobs report. 
- The won is feeling the pressure from recent spread widening, with USDKRW
gaining 0.3% on the day, helped by broad based dollar strength. 

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