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Korean swap rates have come under.......>

KOREA RATES
KOREA RATES: Korean swap rates have come under further downside pressure today
with the curve becoming even further inverted at the short end as rate cut
expectations rise. The space is benefitting from yesterday's comments by Finance
Minister Hong Nam-ki that he expects weak employment data in January which could
indicate that the BOK has room to cut. 
- The 10 year bond future is up 39 ticks as the technical outlook improves and
bulls target the Dec highs at 128. 

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