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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
- Local rates trade mixed around the open with a marginal bear flattening bias on the back of weaker APAC risk sentiment.
- SAGBs ended Friday's session mostly firmer (-3.7-6.0bp) at the long end as 30Y yields teetered around the 10.50 level.
- W/w, however, the SAGB curve managed to eke out a marginal gain with the 10-30Y portion of the curve moving -7.5-14bp lower as yields traded choppily.
- 10Y Yields now approaching the 61.8% fib of the recent range, while 30Y yields move towards 76.4%.
- SA's 5Y CDS drifted -4.922 lower into the back end of the week, but remains pegged above the 200 handle.
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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