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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 kick off firmer this morning, in line with more supportive risk sentiment filtering through from the APAC session.
- 10-30Y yields are holding -3.5bp lower in early trading, having fallen -0.2-3.1bp yesterday with the 10Y most bid.
- 10Y yields remained within their near-term downtrend held since 11 Jan with the prior lows at 9.61 coming into focus ahead of the budget.
- 30Y yields also rejected the 10.50 handle, but will need to negotiate 10.40 before returning to the prior lows. 1m risk reversals seen trimming the late-December upside, while terms of trade move higher.
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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