Free Trial

Local Rates Claw Back ~50% of Yesterday's Losses

SOUTH AFRICA
  • Local rates start the day on firmer footing, bull flattening after a day of fairly aggressive selling in duration.
  • Curve shifted higher and steepened in yesterday's session ~24bp at the back end and 11bp at the front.
  • We're trading -2.7bp lower in 2Y, -9.7bp in 10Y & 10.5bp in 30Y, pulling back just less than 50% of yesterday's selling pressure.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.