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10Y & 30Y yields Approach 38.2% Fib Levels

SOUTH AFRICA
  • Local rates are unch this morning due to the public holiday (Freedom Day).
  • Yesterday saw bull steepening action tentatively resume amid slightly lighter volumes, with many taking time off over the long weekend.
  • 2Y yields remain pegged around Dec-20 support at 4.65, while 10Y & 30Y yields trade around the 38.2% fib retracement zone drawn off the 30 March highs.
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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