Free Trial
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 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.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok