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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 slightly softer this morning with the 30Y trimming gains from yesterday’s session. 10-30Y yields fell -3.2-6.3bp on the day with the 15Y tenor outperforming.
- W/w the SAGB curve has shifted -7-11bp lower across the breadth with the improving fiscal picture supporting duration in the lead-up to the Feb budget.
- 1m Risk reversals have drifted lower this week, but markedly less so than peers Russia & Turkey with USD/ZAR already positioned within its 14.80-15.50 fair value range.
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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