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Korean rates are seeing some upside.....>

KOREA RATES
KOREA RATES: Korean rates are seeing some upside pressure in line with the
improvement in global risk appetite amid increasing optimism on US-China trade. 
- The long end has seen the steepest rise with 10-year swaps adding 3.8bp to
trade at 1.84%. The 21-dma has been broken and a number of bullish divergence
signals are in place. 
- The backup in yields has not been as sharp as the rise in breakevens over the
past week, which have followed oil higher and suggest that financial conditions
are not tightening despite the rise in yields. 

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