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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 remains under pressure at the outset today, having sold off considerably in yesterday's broadly risk-off session.
- The curve stands +3.6-4bp bear steeper in 10-30Y yields, on the back of a +14.6-18.4bp rise yesterday.
- 10Y yields are hovering a fraction below 9.80, while the 30Y eyes 11.00 resistance – around the 61.8% fib of the 30 March – 11 June range.
- SA's 5Y CDS also accelerated higher after failing to hold below 210. 220, 230 & 240 represent the next levels to the topside.
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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