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30Y Breaks Short-Term Uptrend, Eyes lower supports

SOUTH AFRICA
  • SAGBs trade firmer today with 10-30Y yields gaining -6.4-9.1bp so far today with the 30Y leading.
  • The 30Y also broke below the lower trendline of the near-term bull channel pattern held since the end of December, negating the series of higher lows and higher highs.
  • Next support is at 10.591, followed by 10.52 (28 Dec low)
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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