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FOREX

USD fades, Norges Bank delivers

BONDS

Bonds and Rates futures remain heavy

COMMODITIES

Crude Rebounds From Week's Lows

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SOUTH AFRICA
  • Local rates open marginally in the green, having traded choppily in yesterday's session around better than expected GDP numbers – diverging slightly from firmer UST yields.
  • 15 & 30Y yields pared 10bp moves lower to closer roughly flat on the day, while the 10Y ended -4.6bp lower.
  • All three tenors face major round number support below and have been on an impressive strengthening run since the start of April.
  • 1Y Basis Swaps taking a notable turn lower below 100, now trading at 93.00 having peaked at 122.
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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