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SAGBs Pause For Breath Ahead of Freedom Day Holiday

SOUTH AFRICA

FX/FI MARKETS (Markets closed – Freedom Day)

  • SAGBs are closed for the Freedom Day holiday today, having closed mixed to slightly firmer in yesterday’s session. 10 & 30Y yields held -1.1-1.7bp lower, but remained within their narrow sideways channels.
  • The 10Y is currently pegged between the 10.20 & 10.323 levels and the 30Y between 10.80 & 10.929.
  • 1x4 FRA-Jiba3m spreads have ticked slightly higher to +41.8bp ahead of the upcoming meeting.

MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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