WattBazooka

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TVC:ZA10Y   South Africa 10Y yield
SA 10 YR yields are climbing steeply (bond prices falling). Given the backdrop of rising global rates, keep an eye closely to this chart. We have broken the 200 dma and the trend is firmly higher. This will also weigh heavily on the ZAR, and I would expect USDZAR to trade significantly higher as these yields climb. Next stop on the chart is 9.36. You have been warned!
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