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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.
SOUTH AFRICA
- SAGBs tread water around the open, little changed after yesterday's broadly weaker session.
- Rising UST yields combined with contagion from the lira crisis kept SAGBs on the backfoot with 10-30Y yields closing +7.4-9.0bp higher on the day.
- 10y yields found resistance at 10.20 (Nov highs), while 30y yields pulled back from the 10.90 level. Meanwhile 2Y yields have remained relatively stable around the 5.30 level.
- In line with its EM peers and shaky global risk sentiment, SA's 5Y CDS has gradually ticked higher this week – now trading just short of the October highs at 226.
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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