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Local Rates Take Out Key Support Post-GDP

SOUTH AFRICA
  • Bull flattening continues in local rates following yesterday's upbeat GDP print off a low base.
  • 10Y & 30Y cleared key support at 8.90 & 11.00 respectively
  • Injecting much needed catalysts into ZAR assets.
  • 30Y may look to target 10.85-10.82, 10Y facing lots of support around 8.85-8.80.
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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