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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 -2-2.8bp lower in 10-30Y yields, retaining bullish momentum from yesterday’s session.
- In line with lower UST yields, SAGBs dipped -7.3-13.5bp. 10 & 30Y tenors broke through key support at 9.80 & 10.50, eyeing 20 Nov lows to the downside.
- W/w the SAGB curve stands -19-21bp bull flatter in 15-30Y yields, with 3m-2Y tenor marginally higher.
- Economists remain constructive on SAGBs ahead of the Feb budget, owing to the better fiscal picture and wide real yield/carry differentials.
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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