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Bull Flattener Continues Post-Biden's Inauguration - 10Y Looking Heavy

SOUTH AFRICA
  • Local rates continue to bull flatten amid favourable risk conditions post-Biden's inauguration.
  • 10Y looking poised to target prior support around 8.65 after rejecting 8.75 yesterday.
  • 30Y trending lower towards 10.80-10.75 support. Front-end stalling out slightly ahead of today's SARB, 2Y holding below 4.45.
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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