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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 open softer this morning with 10-30Y yields up +6.4-6.8bp in early trading on the back of a sharp downturn in Chinese equities this morning as covid cases surge and authorities lock down Shenzhen – adding to growth risks.
- This trims some of the -16-18.4bp of gains from Friday’s session which closed out a choppy week.
- W/w the SAGB curve ended lower across the breadth and -19-29bp bull flatter in 10-30Y tenors. The 30Y proved most resilient, retracing beyond the 50% Fib of the 17 Feb – 8 March range, while the 10Y stopped short of the 50% mark.
SAGB Curve w/w
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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