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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 on the backfoot this morning, with yields trading +1-2bp higher across the curve with a slight bear steepening bias in a continuation of yesterday's price action.
- Yields closed +4.4-5.4bp higher in 10-30Y tenors yesterday to cap off a somewhat choppy week. Nevertheless, the curve stands lower across the breadth with 3m-1y tenors -10bp, while 10-30Y yields hold -6-9bp lower for the week.
- Price action in 10-30Y yields was more positive this week, but still remains within the uptrend established at the start of September.
- Key support stands at 10.70 in the 30Y & 9.60 in the 10Y.
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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