© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
CZECHIA

EURCZK Continues Its Bear Consolidation

USD

DXY drifts back towards 104.00

GOLD TECHS

Finds Support - For Now

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

SAGBs Flip to Tentative Gains W/w Ahead of SARB Week

SOUTH AFRICA
BulletEM BulletEmerging Markets
  • SAGBs kick off slightly firmer this morning, following on from improved risk sentiment out of APAC. Yesterday’s session saw the curve close -3-13.6bp lower across the breadth as UST yields drifted lower with the 5Y outperforming on the day.
  • W/w, the SAGB curve has flipped to minor gains with a slight bull steepening bias holding.
  • 10 & 30Y tenors moved below support at 10.40 & 11.00 respectively and now eye the 10.30-1.20 & 10.929-10.791 ranges with the lower bounds marking a bear trigger to retesting the April lows.
  • Focus shifts towards CPI & the SARB next week as markets position for the first +50bp hike in over 6 years.


Keep reading...Show less
118 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • SAGBs kick off slightly firmer this morning, following on from improved risk sentiment out of APAC. Yesterday’s session saw the curve close -3-13.6bp lower across the breadth as UST yields drifted lower with the 5Y outperforming on the day.
  • W/w, the SAGB curve has flipped to minor gains with a slight bull steepening bias holding.
  • 10 & 30Y tenors moved below support at 10.40 & 11.00 respectively and now eye the 10.30-1.20 & 10.929-10.791 ranges with the lower bounds marking a bear trigger to retesting the April lows.
  • Focus shifts towards CPI & the SARB next week as markets position for the first +50bp hike in over 6 years.


Keep reading...Show less