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Korean rates are under pressure today...>

KOREA RATES
KOREA RATES: Korean rates are under pressure today as the curve continues to
flatten as investors price out the potential for the BOK to engage in a
prolonged hiking cycle. 
- 2-year swaps are down 4.2bps to new monthly lows at 1.8477%, while the 10-year
is down 4.6bps at 2.0378%.
- BOK Governor Lee noted earlier that the current downward pressures on the
economy are 'a bit big' and that a rate hike will only come if it won't put a
significant burden on growth or inflation. 
- Economists are expecting a hike on Nov 30, but we would likely have to see the
Kospi bounce from current cycle lows in order for that to happen. 

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