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SAGBs Pare Gains Post-SARB, Markets Closed for Heritage Day

SOUTH AFRICA
  • SAGBs are closed today, having ended mostly flat to higher in yesterday's session following the SARB meeting which was interpreted as being cautiously dovish.
  • Long end yields pared early gains following the meeting with the 10Y ending +1.9bp, 15Y -1bp & 30Y -0.9bp on the day.
  • 10Y yields fell just short of the 9.50 mark, while 30Y yields hover around the 10.60 handle and 2Y yields showed signs of consolidation at 5.05.

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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