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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 open weaker this morning amid global risk-off on the back of weekend developments in the Ukraine crisis as the West targets CBR reserves and banks with SWIFT disconnection.
- Yields recovered slightly on Friday after markets acclimated to the crisis, falling -18-22.3bp on the day – but have risen +6-7.4bp this morning.
- SAGBs have been relatively resilient vs the likes of Turkey during the crisis, due to improving terms of trade on higher commodity prices and an improved fiscal outlook at last week’s budget.
- W/w the SAGB curve shifted +15-26bp higher in the 5-30Y section of the curve with he 15Y most offered.
- 10Y levels: Sup1: 9.667, Sup2: 9.597, Res1: 9.84, Res2: 9.90. 30Y levels: Sup1: 10.395, Sup2: 10.302, Res1: 10.515, Res2: 10.60
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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