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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 little changed to marginally firmer around the open, having maintained Monday's bear steepening momentum through into Tuesday's session.
- 10-30Y yields lifted +2.3-5.5bp, broadly in line with weaker EM FI risk sentiment with weakness still concentrated in 10Y yields, while 30Y seemed more resilient.
- Attention will be on whether the 10Y makes a move higher towards the 10.00 handle or falls towards key support at 9.77.
- Interestingly, shorter-term timeframes show fading upside momentum in the RSI with some negative divergence emerging.
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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