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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, having gained some ground in yesterday's more positive session.
- 5 & 10Y yields were most bid on the day, falling 7.6bp & 3.0bp respectively. 9.90 resistance held in the 10Y, with an eye on 9.80 support below.
- Similarly, the 30Y pulled back from 10.95, but will need to cross 10.80 to establish a more comprehensive move lower.
- Calls for the MTBPS to be delayed to 11 Nov will be monitored.
- Nevertheless, SA's more improved fiscal picture may start to show in bond markets leading up to the meeting with analysts expecting a large revenue windfall from elevated commodity profits.
- SA's 5Y CDS continues to trend lower following the 06 Oct peak at 226 – next major support seen at 202.54.
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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