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Local Rates Firm, But Pinned Above Key Support

SOUTH AFRICA
  • Local rates catch a bid at the open, bear flattening as choppy trading in the FI space continues – with the back end of the curve offered in yesterday's session.
  • 10Y has managed to pull back below the 9.00 level, but faces support at 8.90.
  • Similarly, the 30Y continues to trade around 10.70 and must clear 10.60 to re-establish a downtrend.
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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