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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 kick off on the front foot this morning, maintaining yesterday's positive post-MTBPS momentum.
- The curve currently stands -2-6bp lower across the breadth with 10-30Y yields outperforming. Markets gave Godongwana's MTBPS the thumbs up yesterday with the curve bull flattening -10.4-19.3bp on the day.
- W/w the 10-30Y section of the curve stands -24-30bp lower for a decent weekly gain – having been on the backfoot since the end of August.
- 30Y yields have almost fully pared the September run higher, while 10Y yields are currently hovering around the 61.8% retracement level.
- Godongwana made a firm statement of intent on his fiscal consolidation path, but kicked a number of key decisions down the road to Feb.
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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