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Korean rates are showing some upside....>

KOREA RATES
KOREA RATES: Korean rates are showing some upside pressure today with the swap
curve edging a basis point higher amid mild steepening. This comes despite a
large move lower in Korean breakevens yesterday which has put upside pressure on
real yields. 
- Local stocks are under some mild downside pressure ahead of the Dec 3 highs,
with the short term equity/rate correlation remaining in negative territory. 

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