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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
- Local rates kick off on the backfoot this morning, following yesterday's perceivably hawkish FOMC minutes.
- SAGBs trade bear steeper at the open, having erased the short-lived post-CPI gains in yesterday's session.
- 2Y yields have returned above the 5.00 mark, while 10 & 30Y yields look set to break the downtrend established on 10 Aug.
- 10Y eyeing 9.30 & 30Y should look to 9.70 on a close above 9.60.
- SA's 5Y CDS trades +4.073bp since Monday, still within its 200-206 range.
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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