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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 flat to weaker at the open, having retraced early strength yesterday to end slightly in the red.
- The curve closed bear flatter on the day with 2Y yields (+3.3bp) maintaining their upside momentum ahead of the FOMC & SARB – trading around the Aug highs & 38.2% Fib drawn off the early July highs.
- 10Y yields also rose +1.6bp while the 15-30Y section ended less than 1bp higher.
- 10Y yields also moved tentatively above the Aug 10 high, which may open up 9.50-9.60 to the topside if we see UST yields rise sharply post-FOMC.
- A lower print on headline CPI today may see selling pressure on 2Y yields ease.
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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