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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 trade mixed around the open, seeing a marginal bear flattening at the start of play with 2Y yields +2.8bp.
- Yesterday’s session saw duration catch a bid on the back of firmer global risk sentiment spurred on by RRR cuts in China and robust buying pressure in US equities.
- 10-30Y yields fell -3.3-5.8bp on the day, with 30Y yields leading the way lower. 2y yields stalled just above 4.90, rising back towards the 5.00 handle.
- Key support in the 30Y stands at 10.508, with a break below this level opening up the 12 Nov lows at 10.30.
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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