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Market Snapshot: SAGBs Trim Losses, ZAR Treads Water in Positive Territory

  • Risk sentiment tentatively recovering today with APAC & EMEA indices recovering some losses. EM FX is mixed, while bonds are also recovering.
  • SAGBs trading bull flatter on the day with 10-30Y yields -12-14.8bp lower, trimming the +21-23bp in gains from yesterday’s session.
  • USD/ZAR trades -0.23% lower, holding in the 15.40-15.26 zone with the BBDXY holding mostly flat in the European session. 1m Risk reversals seen falling in SA & Turkey slightly.
  • Commodities trade mixed with gold +0.33% & platinum -0.72%, keeping the Top40 just +0.22% higher today.
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

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