Free Trial
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
- SAGBs open firmer this morning, with the curve gaining bull flattening momentum towards the end of last week as local elections and the FOMC moved off the radar and the MTBPS comes into focus.
- Last week saw early weakness reversed, with 10-30Y yields falling -24-32bp and with the 10Y outperforming on expectations for an improved fiscal outlook at this week's MTBPS.
- Focus will be on the permanence of grants policy with the new FinMin under pressure to implement a basic grant – despite his opposition to it.
- Next supports in 10Y stand at 9.80 & 9.70, and 30Y supports seen at 10.46 & 10.27.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok