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Local Rates Firm Slightly, Despite Tepid APAC Risk Sentiment

SOUTH AFRICA
  • Local rates trade little changed to marginally firmer around the open, with tepid risk sentiment filtering through from the APAC session.
  • Yesterday's session saw the curve flattening from both ends and 2Y yields continue to rise towards 5.00 and back end yields eye their 26 May lows.
  • Risk premia remained flat, while stocks gained some upside traction – reinforcing the 60k level.
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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