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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 back foot this morning, with 30Y yields +1.3bp higher at the open.
- Yesterday's session saw yields track +10-12.8bp higher across the curve as concerns over the Chinese recovery and Evergrande dented risk sentiment and higher UST added to upside pressure.
- The most notable move was in 2Y yields which spiked sharply higher (+12.1bp) above the 5.00 mark to mid-July levels.
- Price action in 30Y yields became choppy just below 10.80 – just below the August & July highs.
- SA's 5Y CDS also ticked higher for a second consecutive session with last week's high at 208.415 coming onto focus.
SAGB 2Y & 30Y
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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