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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 open slightly on the backfoot this morning with 2Y yields +1.3bp as PPI data looms, with passthrough from higher energy prices exerting pressure on the front end of the curve.
- Yesterday's session saw a slight curve flattening with 2Y yields +2.8bp, while 15-30Y yields gave back early gains to end closer to the open at -0.5-2.1bp on the day.
- 10Y yields stopped just short of 10.00 support, while the 30Y also turned tail just above 10.80 with both hitting the 50% retracement mark of the recent uptrend.
- W/w SAGBs mostly unchanged with the exception of the 10Y, which is +27bp higher on week.
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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