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Local Rates Bear Steepen as Escalating Case Numbers Weigh on Yields

SOUTH AFRICA
  • ZAR sitting out the latest bout of USD weakness
  • trading +0.07% lower as local rates sell off in a bear-steepening (+12 to +14.8bp)
  • no local headlines observed other than concerns surrounding escalating Covid cases and new restrictions overnight
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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