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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 slide into the red this morning with the curve +2.1-4.3bp higher across the breadth – holding a bear flattening bias as UST yields continue to march higher.
- Similar price action was seen yesterday with the SAGB curve ending +2.5-6.1bp higher in 2-5Y yields while the 30Y managed to close -0.5bp lower.
- 10Y yields have drifted above 9.90 this morning and may look to test 10.00 resistance to the topside as market conviction in higher UST yields towards the 2.0% mark builds.
- CPI will be the key focus for SAGBs today with risks skewed slightly to the upside, although the print is unlikely to change expectations for a +25bp hike next week.
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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