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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 a fraction weaker at the open, following on from a broadly firmer session yesterday leading up to the FOMC minutes.
- Prior to the meeting, yields fell across the breadth of the curve with 10-30Y yields dipping -12.6-15.7bp and the 10Y outperforming after being the most vulnerable in recent weeks.
- Upbeat trade data out of China also added downside pressure to yields, but has been tempered by mixed CPI & PPI data out overnight.
- W/w the SAGB curve trades lower across the breadth with the 3m-1Y section -43-53bp lower while 10-30Y yields stand -5-7bp lower on week.
- 30Y yields face key support in the 10.60-10.70 zone (50-6.18% fibs), while the 10Y faces pivot support at 9.50-9.60.
SAGB Curve W/W
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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