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Local Rates Drift Higher Against the Grain

SOUTH AFRICA
  • local rates continue to see outflows across the curve this morning to follow on from a weaker session yesterday - coming against the grain vs the rest of CEEMEA rates.
  • 2Y still drifting towards 4.60 (+1.8bp), 10Y breaks 8.80 (+3.6bp) & 30Y holding below 10.85 (+2.5bp).
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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