Free Trial

SAGBs Tread Water Around the Open, 30Y Eyes Key Support

SOUTH AFRICA
  • SAGBs seen treading water around the open this morning amid tentatively softer global risk sentiment filtering through from the APAC session.
  • SAGBs weathered the risk-off storm relatively well yesterday, ending +1.2-1.9bp higher in 10-30Y yields.
  • The 30Y continues to hover a fraction above key multi-year support at 10.30 dating back to 2018 with the upcoming Feb budget anchoring long-term yields.
  • 10Y yields also remain pegged around 10.60 support – still within the recent bear channel pattern established on 11 Jan.

MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

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.