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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 trade mixed around the open as yesterday's positive global risk sentiment loses a bit of steam in the APAC session.
- The local curve sustained bull flattening momentum in yesterday's session with 15-30Y yields consolidating gains below key supports, while the 10Y remains sticky around 9.20.
- Next support in the 30Y seen at 10.413, 15Y at 10.30 while the 10Y needs to overcome 9.20 to open up 9.10 support.
- Similar to Turkey, SA's 5Y CDS has been on a tear lower this week amid improved global risk conditions, trading -9.214bp lower since Monday and now below 200 support.
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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