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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 open slightly firmer this morning with yields -1.9-2.4bp lower at the back end of the curve as improved risk sentiment filters through from APAC – recovering from weak Chinese data yesterday.
- SAGBs closed yesterday’s session mostly mixed, but 10 & 30Y yields managed to hold below 10.40 & 11.00 resistance respectively.
- Next support is seen at 10.30 & bear trigger at 10.198 in the 10Y, and 10.893 & 10.791 in the 30Y.
- Focus remains on CPI and the SARB meeting tomorrow with analyst CPI estimates coming in the 5.8-6.0% y/y range.
- However, anything within this range is unlikely to change the consensus for a +50bp hike this week.
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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