🎙 Auction dynamics fuel credit spread tightening in the local debt capital market

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Highlights:
 • Credit spreads are tightening—even as risk rises
 • What’s driving demand in a weak-growth environment
 • How auction dynamics and bank guidance skew pricing
 • Fair value vs. mark-to-market: Why it matters to investors
 • Intengo’s approach to building better fair value models 

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29 May 2025 English South Africa Business

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