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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 slightly softer this morning with 2 & 10Y yields up +3.8 & 2.1bp respectively.
- This follows a broadly firmer close on Friday with 10-30Y yields ending -6.2-9.3bp bull flatter on the day to cap off a positive week.
- With the exception of the 2Y, the curve shifted -11-15bp lower across the breadth with the 15Y most bid w/w.
- The 10Y must clear 9.8- support below to retest 9.66-9.70, while the 30Y must clear 10.59 to open up the 28 Dec lows at 10.526.
- CPI is the key focal point for front end yields ahead of the 27 Jan SARB, with a +25bp hike fully priced in at this point.
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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