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Pick Up After Yesterday's Declines

KOREA RATES

Futures higher, tracking a move in US Treasury's overnight; 3-Year contract up 4 ticks at 108.72, 10-Year up 28 ticks demonstrating the effects of the hawkish hold from the BoK yesterday. Short end rates still holding most of yesterday's post-BoK declines. Labour market data and export data were both robust, while South Korean PM Kim said earlier that the government is considering introducing a vaccine pass system to benefit fully vaccinated people, as it plans to adopt a gradual scheme named "living with COVID-19" to get back to normal life on Nov. 9.

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