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Korean swaps are giving back some of....>

KOREA RATES
KOREA RATES: Korean swaps are giving back some of Friday's gains, down 1bp
across the board. The curve remains inverted as falling inflation expectations
and a weakening economic outlook raise the prospect of a policy reversal by the
BOK over the coming months following its Nov hike.
- Leading economic indicators continue to deteriorate while trade figures have
begun to show some weakness over the past month amid the global trade slowdown.
The surge in US corporate credit spreads has also begun to put upside pressure
on Korean CDS spreads, with the 10-year hitting monthly highs on Friday.  

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