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Bear Steepener Resumes - 30Y Well above 11.00

SOUTH AFRICA
  • Local rates continue to bear steepen, with 10Y yields approaching prior highs at 8.84.
  • 30Y trading well above 11.00 support.
  • Front end flat, but near term trend stilted slightly lower.
  • Focus on the SARB this week, where broad expectation remains for a hold.
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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