Free Trial

SAGBs Hold onto Gains W/W as Markets Eye Peaking CPI

SOUTH AFRICA
  • SAGBs kick off in the green with 30Y yields -4.1bp lower this morning as bullish momentum holds, despite shaky global risk sentiment surrounding Ukraine.
  • SAGBs held onto bull flattening gains yesterday with 10Y yields ending -4.2bp lower. W/w the SAGB curve stands -12-18bp lower across the breadth, with a potential peak in CPI, complemented by an improved fiscal picture supporting demand.
  • Next major support seen at 9.40 in the 10Y & 9.97 in the 30Y.

MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

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.