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AUSSIE 3-YEAR TECHS

(U2) Cracks Bear Trigger on Global Bond Rout

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Strong Bullish Reversal

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SOUTH AFRICA
  • Local rates open marginally lower on improved global risk sentiment and an upbeat APAC session pulling stocks higher too.
  • SA bonds lagged the inflows trend at the back end of last week, with the front end of the curve lifting as the back end stalled out.
  • 10Y will need to take out 8.70 to make the next leg lower, but continues to trade choppily.
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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