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AUDUSD TECHS

New Weekly Lows

EURJPY TECHS

Needle Still Points North

GILT TECHS

(M1) Key Support Zone Exposed

SCHATZ TECHS

(M1) Clears Congestion Support

BTP TECHS

(M1) Downtrend Extends Further

SOUTH AFRICA

Auction Results:

  • Sells 2.2B Rand of 8.25% 2032 Bonds; Bid-Cover 3.1x (4.85x), Avg yield 9.4% (9.44%)
  • Sells 2.2B Rand of 8.5% 2037 Bonds; Bid-Cover 3.94x (5.42x), Avg yield 10.38% (10.425%)
  • Sells 2.2B Rand of 8.75% 2044 Bonds; Bid-Cover 3.21x, Avg yield 10.63%


Notable decline in demand across the auction, Given bumper demand last week - but still decent demand for 2037s.

MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com