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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 as holiday markets set in, having closed Friday’s session firmer across the curve with a notable bull flattening bias.
- Yields fell -6.3-15.5bp, with 10-30Y tenors outperforming.
- 10Y yields took out key support at 9.85, eying the 12 Nov lows, while 30Y yields broke below 10.70 - but still need to tackle 10.53 support before the same lows come into focus.
- W/w the SAGB curve trades -16-19bp lower across the breadth with 5-10Y tenors most bid.
- Global risk sentiment should be the key price action driver for SAGBs this week following last week’s FOMC.
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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