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Local Managers Upbeat About SAGB's; Bull Flattening Resumes

SOUTH AFRICA
  • Local rates trading flat this morning following more sustained bull flattening.
  • Back end of the curve approaching Nov lows. Front end seemingly consolidating its pivot higher.
  • 30Y June low at 10.697, 15Y at 10.18, 10Y at 8.625.
  • Major positivity being felt on the ground in the local market among managers due to recent domestic developments.
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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