Free Trial

SAGBs Open Firmer as Risk Sentiment in Europe Picks Up

SOUTH AFRICA
  • SAGB yields open -1.4-2.7bp lower in early trading, maintaining bullish momentum from yesterday’s session as oil prices fell sharply.
  • 10-30Y yields fell -3.1-6.1bp with the 15Y most bid on the day. 10Y yields are exerting pressure on the 10.00 handle this morning, with the 17 March lows at 9.8563 being the next key support followed by 10.80.
  • 30Y yields are also hovering around 10.50 with 10.445 the next downside level to consider.

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.