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Foreign Flows Recover Tentatively,  Bull Flattener Resumes

SOUTH AFRICA
  • Local rates open firmer across the curve, following on from a more optimistic session yesterday.
  • The SABO index has recovered in the past week, pulling back towards the zero mark (now -265) as volatility in US Treasury yields has moderated somewhat.
  • Local curve bull flattening this morning: 10Y most bid (-5.8bp) at 9.19, 30Y -3.7bp at 11.09.

  • SABO Index


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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