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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SOUTH AFRICA
- SAGBs trade softer this morning with 10 & 30Y yields +0.7-1.1bp higher in early trading as weaker risk sentiment filters through from APAC.
- W/w SAGBs remained under pressure with yields up +9-21bp across the curve in line with rising UST yields and fiscal risks from extensive flood damage in KZN and sustained Eskom load-shedding.
- 10Y yields held below 10.30 resistance last week after moving through the 10.00 mark around the 50% fib of the 08-30 March range.
- Key support stands at 10.17. PPI data will be eyed this week following last week’s softer CPI print at 5.9% y/y vs 6.0% exp.
- 1x4 FRA-Jiba3m spreads stand at +40.7bp as the next SARB meeting approaches.
SAGB 10 & 30Y
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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