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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 weaker this morning, with 2Y & 30Y yields +2bp higher in early trading.
- Yesterday's session saw a resumption of weakness after an initial relief rally with 10-30Y yields ending +6.5-8.1bp higher on the day.
- 30Y yields breached the 11.00 resistance level, while 10Y yields are fast approaching 10.00 as the cocktail of higher oil prices, rising UST yields and weak global risk sentiment continues to dampen demand for SAGBs.
- Next resistance seen at 11.20 & 11.40 in the 30Y & 10.00 in the 10Y.
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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