techpers

SA 10-Year Bond Yield

TVC:ZA10Y   South Africa 10Y yield
SA bonds trade at a multi-year high, having broken out of a long term base. At current levels, taking a short term view, the yield on the ZA10Y is strong but 'near overbought' with a 7-day RSI reading of 85 (oversold in fixed terms). I've also noted the yield testing the rising trend line which extends back to the swing highs of both March 2022 and March 2021. A short term retracement toward the prior breakout range of 10.20%-10.24% is possible.
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