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SAGBs Lift Slightly, Playing Catch-Up Following Voting Holiday

SOUTH AFRICA
  • SAGBs trade mixed to softer at the open, playing catch-up after being closed for local elections voting – having closed flatter on Friday's session.
  • 10Y yields remain pegged in the 10.05-10.20 range, hovering around the October highs as elections play out.
  • 2Y yields remain under pressure, however, as the FOMC approaches and markets continue to price an expedited SARB hiking cycle in ahead of the mid-month meeting.

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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