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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 kick off today's session on the front foot with 2Y yields -1.2bp & 30Y yields -1.3bp in early trading.
- Yesterday's session saw upside pressure on yields abate slightly, with 15 & 13Y yields falling -7.5bp & -8.3bp respectively for a curve flattening with 2Y yields +4.8bp.
- 10Y yields pulled back from 9.90 while the 30Y fell back below 11.00.
- W/w the curve stands +14-25bp higher across the breadth with 8-10Y yields most offered, followed by 3m-1Y yields +16-22bp with 15-30Y yields +14-15bp higher.
- SA's 5Y CDS is also +12.3bp higher since Monday – higher than peers Turkey & Russia over a 5-day period.
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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