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- Local rates kick off on the front foot this morning, bull flattening on the back of positive current acc data and proposed changes to the energy sector to attend to Eskom's energy crisis.
- Long-dated yields retraced early weakness following the announcement, now moving towards new swing lows.
- 10Y now trades below 9.00, while the 30Y eyes 10.20 support. 5Y CDS -5.75bp this week.