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SAGBs Firm as Traders Play Catch-Up After the Public Holiday

SOUTH AFRICA
  • SAGBs kick off on the front foot following yesterday’s public holiday break, playing catch-up to the rally in risk that took place post-FOMC.
  • The curve trades -5-5.3bp bull flatter in early trading with 30Y yields pulling back from key pivot resistance at 10.80.
  • W/w the curve has flipped to gains, with 5-10Y yields down -9-12bp & 15-30Y yields hovering just in positive territory.
  • Next support in the 10Y stands at 9.80 & 9.661 and 10.70 & 10.50 in the 30Y.
  • 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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