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Curve Bear Steepening As Back End Takes Out Key Levels

SOUTH AFRICA
  • Local rates bear steepening at the open after a weaker session yesterday.
  • Back end of the curve remains under pressure: 10Y: +5.1bp, 15Y +5.1bp, 30Y +6.0bp.
  • 10Y & 30Y now back above key levels (8.50 & 10.50).
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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