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Rising UST Yields Weigh on SAGBs, 30Y Eyes Key Resistance

SOUTH AFRICA
  • SAGBs taking a knock today with the curve shifting higher and bear steepening in line with buoyant UST yields
  • 2Y +6.1bp, 10Y +10.4bp, 30Y +13.0bp
  • 30Y yields moved just above 30 Dec highs at 10.70 - next Res at 10.80 & 10.90-95.
  • 10Y key resistance at 9.90 and 10.00.

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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