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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 kick off on the backfoot this morning with yields up +2.4-6.2bp across the curve with 10Y yields most offered.
- Long-term yields traded choppily in yesterday’s session, paring most of their early gains in the lead-up to the Fed.
- The 30Y remains below 10.50 pivot resistance, while the 10Y eyes 9.85-9.90 above.
- Signs that the advisory council is pushing back against the basic income grant should support the positive fiscal narrative in SA leading up to the Feb budget.
- Combined with hawkish Fed & SARB developments, the curve has bear flattened w/w as expected.
SAGB Curve w/w
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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