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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.
SOUTH AFRICA
- SAGBs kick off on the backfoot this morning, with 10-30Y yields rising +3bp in early trading to follow on from yesterday's broadly weaker session.
- Price action in LT yields has been choppy Post-MTBPS with bulls and bears fighting for direction, while 2Y yields have remained firmer heading into the SARB meeting this week.
- Key resistance in the 10Y lies at 9.938 (50% fib) & 10.00 to the topside, while 10.637 & 10.713 are vital pivot points in the 30Y – which has proven less vulnerable than the 10Y.
- SA's 5Y CDS continues to press lower with an eye on 190 support below.
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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