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SAGBs Take a Breather, 10Y Approaches 9.00 Support

SOUTH AFRICA
  • Local rates remain subdued at the open, having given up some gains to profit-taking on Friday.
  • W/w the breadth of the curve pulled lower amid improved sentiment in SAGB markets.
  • 2Y-10Y section pulled-25-36bp bp lower, while the back end closed 17-2bp lower in a shift from the prior week's bull flattener to a bull steepener.
  • 10Y approaching key support at 9.00.
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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