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SAGBs Give Up Early Gains, Risk Premia Breach June Highs

SOUTH AFRICA
  • Local rates trade little changed to marginally softer at the open, following on from a mixed close to yesterday's session as long-dated yields gave up early gains.
  • 2Y yields failed to break below 5.30 support, while 30Y yields found support at 10.35.
  • SA's 5Y CDS rose +4.57bp, pressuring June highs while the Top40 index dipped below 60k support.
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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