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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

SOUTH AFRICA
  • Local rates start the week on the front-foot, bull flattening -2.7-3.0bp in 10-30Y yields.
  • Bull flattening momentum gained traction last week with the curve closing -23bp lower in the 10-30Y section of the curve.
  • 10Y took out 9.20 support (26 May lows), now hovering above 9.00. Goldilocks NFP report buoyed SAGBs into the weekend.
  • 15 & 30Y yields both eyeing 2018/19 supports at 10.00.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com