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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 remain under pressure in today's session with weakness still concentrated in duration.
- The 10-30Y section of the curve stands +3.2-7.1bp higher on the day with little by way of idiosyncratic drivers, but more focused on broader risks to US/Chinese CPI and the FOMC minutes.
- 10Y yields looking most vulnerable (+7.1bp), having breached last week's high at 9.90 with 10.00 resistance the next notable level.
- 30Y yields have been a bit more resilient since Thursday's low, and are still pegged below last week's high (11.10) and 11.00 resistance.
- SA's 5Y CDS trades +3.57bp higher today, broadly in line with higher risk premia across the space while equities enjoy some upside (Top40 +1.40%)
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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