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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
SABO Index - SA Bond Sales to Foreigners
- Yesterday saw substantial outflows from ZAR assets in both real money and hedge funds squaring longs
- Foreign participation, as shown by SABO index, has been declining since the peak in early-November, breaking a key uptrend held since Oct
- Now trading below the 0 level at -475.84
- Sell-side notes liquidity has been poor in both spot and forward
- Most see ZAR underperforming EM peers - RUB, BRL & MXN highlighted as bright spots in the EM space
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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