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Bond Outflows Continue to Weigh on ZAR, 2Y Trading above 4.50

SOUTH AFRICA
  • Local rates continue to see outflows across the curve, with 10Y yields leading the way higher after taking out 8.80 Res.
  • 2Y also looking vulnerable above 4.50 with 4.55 & 4.60 the next upside targets on continued risk aversion.
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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