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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 start the session slightly on the backfoot as mixed risk sentiment filters through from the APAC session.
- Yesterday's volatile session ended with the curve flatter at both ends as Fed Hawks wrong-footed markets ahead of what was expected to be a non-event in Jackson Hole.
- Nevertheless, 2-5Y yields lifted +2-3bp, while 10-30Y yields fell -1-2.2bp on the day.
- W/w the SAGB curve trades -10-14bp lower in the 10-30Y section of the curve, with duration benefitting for an unwind in risk premia: 5Y CDS -12.045bp 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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