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Modest Yield Retrace Higher

SOUTH KOREA
  • Data today showed that the global demand for chips used in artificial intelligence remains a key driver for trade growth in South Korea.
  • Despite concerns about a rise in protectionism demand remains strong boosting Korea’s current account surplus to it’s highest in six years.
  • Bonds saw yields marginally higher across the curve as equity market performance was positive.

2yr 3.045%(+0.5bp) 5yr 2.958%(+1bp) 10yr 3.008%(+1bp) 30yr 2.907% (-0.5bp)

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