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AUDUSD TECHS

Bullish Price Sequence

SOUTH AFRICA
  • Local rates trading slightly mixed this morning, despite more favourable risk sentiment out of APAC.
  • 2Y yields lifting +2.6bp at the open, while the rest of the curve trades marginally lower.
  • Yesterday's session saw the back end of the curve drift -1.8-3.2bp lower, led by the 10Y.
  • Sell-side eyeing more compression in the 5Y CDS.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com