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SAGB Curve Bear Flattens Post-Fed Week; Markets Eye US/China Data

SOUTH AFRICA
  • SAGBs kick off on the backfoot this morning with 10-30Y yields up +4.8-5.8bp – following on from a weaker APAC session where Chinese data fell short of expectations.
  • Friday’s session closed on a weaker note with yields rising +9.4-11.8bp across the curve to cap off a volatile week following the FOMC meeting.
  • W/w the curve finished bear steeper with 3m-5Y yields up +20-37bp.
  • Next key resistance in the 10: 10.521 & 10.71. 30Y Res: 11.21, Res2: 11.357. Yields should trade in line with USTs, China/US data and global risk sentiment surrounding the Ukraine crisis.
  • SAGB curve w/w


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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