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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 trade a fraction firmer this morning, with better risk sentiment coming out of the APAC session.
- Friday’s session closed mostly flat on the day, leaving the curve little changed to marginally bull steeper w/w.
- 10 & 30Y yields remain within their recent bear channel patterns established mid-March with the 10Y hovering just below 10.00 and the 30Y putting upside pressure on 10.60.
- The Moody’s upgrade will be a welcome surprise for SAGBs, with the focus shifting to the next set of reviews from S&P & Fitch in May, but the public sector wage discussions remain a key hurdle for SA in the eyes of ratings agencies that could keep other agencies from following suit.
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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