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CHINA PRESS

Yuan to Maintain Near-Term Strength: Journal

CHINA PRESS

Biden May Be Consumed by Bumpy Recovery: Daily

JGB TECHS

(M1) Bullish Focus

AUSSIE 10-YEAR TECHS

(M1) New Multi-Month Highs

SOUTH AFRICA
  • HSBC sees a lower than expected tax shortfall at the Feb budget: R251bn vs R300-330bn prior & deficit at 13.5% of GDP vs 15.7%.
  • Cites a boost in tax revenues from VAT, fuel taxes and excise duties, while rise in personal income tax, corporate and international transactions was more muted.
  • Says reduction in tax shortfall & willingness to issue bonds will provide a buffer against fiscal slippage.
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