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Bond, Stock Markets Closed For Human Rights Day Holiday

SOUTH AFRICA
  • Local bond and stock markets are closed today for the Human Rights Day Holiday after closing weaker on Friday.
  • 10-30Y yields rose +11-12.5bp on Friday, despite falling UST yields – but managed to close firmer w/w.
  • 10Y yields stand a fraction above the 10.00 mark, while the 30Y is holding just shy of 10.70 ahead of this week’s SARB meeting.
  • 1x4 FRA-Jiba3m spreads have drifted lower from their peak at +44bp at the start of march to trade around +31.8bp this morning – +6.8bp above the bbg consensus for a +25bp hike this week.
  • 1x4 FRA-Jiba3m


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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