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Rates Steady at The Open, 10Y Eyes 9.00 Support

SOUTH AFRICA
  • Local rates trade a fraction weaker at the open, having closed marginally firmer in yesterday's session after failing to establish new lows.
  • 10Y yields hovering around 9.00 support, while the 2Y has breached 5.00 resistance to maintain the brad uptrend held since 11 May.
  • W/w the local curve trades -20bp bull flatter in 10-30Y yields, while the 5Y CDS has dipped -3.944bp lower on week.
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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