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Local Rates Give Up Some of Yesterday's Gains Ahead of Auctions

SOUTH AFRICA
  • Local rates retrace some of yesterday's gains post-SARB with losses across the curve.
  • Most notable in the front and middle, 2Y +2.6bp, 10Y +3.2bp, 30Y +1.2bp.
  • Inflows starting to look a bit more positive at the back end of the curve ahead of today's auctions.
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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