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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.
SOUTH AFRICA
- SAGBs kick off on the backfoot this morning with 10-30Y yields up +1.6-2.0bp in early trading.
- Duration remained under pressure in yesterday’s session with 10 & 30Y yields closing +2.9-4.4bp higher on the day, having pulled back from key resistance at 9.80 & 10.50 respectively.
- Both tenors remain within their recent downtrends initiated on 11 Jan, but the 10Y is probing the top of its bear channel pattern.
- The 30Y has seemed slightly more resilient than the 10Y in recent weeks owing to the improving fiscal backdrop pre-budget.
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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