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MNI EXCLUSIVE

Timeline For Approval Of Plans On NGEU Aid

COMMODITIES

WTI, Brent Circling Below Cycle Highs

FINLAND AUCTION RESULTS

7/10-year RFGB

US TSYS SUMMARY

Busy Data Slate Ticks All The Boxes

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  • Local rates kick off the day slightly on the front foot, following on from firmer risk sentiment out of APAC to pull back some of yesterday's losses.
  • The curve bear steepened slightly in yesterday's session as US Treasury yields drifted higher into the back end of yesterday's session.
  • SA's local curve remains humped around the 5-10Y section w/w, with 10Y yields vulnerable to bouts of UST-induced risk-off/on.
  • W/w the 10Y trades +55bp higher, while the rest of the curve hovers around +10bp showing a greater degree of resilience to near-term volatility.