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SAGBs Open Firmer, Holding Onto Bull Flattening Gains W/W

SOUTH AFRICA
  • SAGBs kick off slightly firmer this morning (10-30Y -1.8bp) in line with better risk sentiment out of APAC.
  • Yesterday’s session saw yields end mixed to firmer after early weakness was mostly pared mid-way through the day.
  • Key support in the 30Y stands at 10.50 and 9.657 in the 10Y with price action trading in line with global risk sentiment this week.
  • W/w the SAGB curve has managed to hold onto gains, with the curve bull -16-20bp flattening in 15-30Y tenors.

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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