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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 seen little changed this morning, despite firmer risk sentiment filtering through from the APAC session.
- Yesterday saw SAGB yields dipping -3.2-5.2bp with a bull flattening bias holding and the 30Y most bid. 10Y yields pulled back from the 10.00 handle with 9.80 the next notable support.
- The 30Y also failed to break above 10.60 resistance and out of its near-term bear channel pattern – eyeing 10.40 support below.
- 3x6 FRA-Jiba3m spreads continued to drift lower, now holding at +58.8bp as markets pare back hawkish bets following the SARB’s last hawkish meeting.
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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