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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 slightly weaker at the open, following on from yesterday's broadly risk-off session.
- SAGBs traded choppily as risk sentiment soured, with 10Y yields most offered on the day after snapping the 11-17 Aug downtrend.
- 9.30 appears to be a key pivot point, with a consolidated move higher opening up 9.35 & 9.412 to the topside.
- 30Y yields fared slightly better on the day, retracing most of the early move higher to end a fraction below 10.60.
- A move back above the level on sustained risk-off opens 10.70-10.80 resistance.
- SA's 5Y CDS moved sharply higher yesterday, breaking the 200-210 lateral range (+8.28bp w/w).
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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