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SA Snapshot: Markets Pricing +33bp in Hikes Over 3-6m Period, ZAR & Top40 Firmer

SOUTH AFRICA
  • SAGB's firmer this morning in the lead-up to the SARB (1400BST) - seen bull steepening with 2Y yields -2bp
  • USD/ZAR -0.26% broadly tracking the BBDXY and global risk sentiment after bouncing off 14.50 support
  • T40 Index trade +0.83%, with retailer Mr Price topping the charts
  • 3x6 FRA-Jibar spreads still elevated at +33bp ahead of the SARB, having declined from +40bp on 14 July

  • 3x6 FRA - Jibar Spread


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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