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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 little changed to a fraction higher this morning, having bear flattened in the lead up to yesterday's FOMC minutes yesterday.
- 2Y yields made a key downside break through 5.30 to test June support at 5.25, while long end yields traded flat to higher to close the session.
- W/w SAGBs have been the regional outperformer, however, with peers Russia & Turkey going broadly offered across the curve.
- SAGBs trade lower over all major tenors with a slight bull steepening bias in short-duration (3m-1y tenors -15-23bp).
SAGB curve w/w change
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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