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SOUTH AFRICA
  • Local rates mostly flat around the open with global risk sentiment looking tentative out of the APAC session.
  • SAGB price action was choppy in yesterday's session, with back end yields paring early gains towards the close of play but remaining within the broad downward trend.
  • 10Y yields found support at 9.20, while 30Y yields fell short of the 10.50 mark.
  • W/w the curve is -16-20bp lower in 10-30Y yields with sentiment in SA markets still strong.
  • Top40 Index hovering marginally above 60k, still within the bear channel pattern.
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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