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30Y Resume Bull Steepening, Taking out 11.00 Resistance

SOUTH AFRICA
  • SA rates take a bit of a round trip after opening on the front foot.
  • Bear steepening trend held since ~18 Dec in 30Y yields takes out 11.00 topside resistance, opening up 11.10 above
  • 10Y approaching res at 8.80 after a pullback lower this week
  • 2Y still holding marginally below 4.50, but looking under pressure
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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