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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 kick off on the front foot this morning, with 10-30Y yields down -4.4-5.3bp in early trading.
- This follows on from yesterday's broadly firmer session on the back of this week's FOMC that saw the curve close lower across the breadth and bull flatter.
- 2Y yields fell -7.8bp continuing their bullish momentum to target key pivot support at 5.40.
- Similarly, 10 & 30Y yields snapped a broad consolidation stint as markets move beyond the Fed and local elections to begin pricing in SA's more constructive fiscal picture going into the MTBPS next week.
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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