Free Trial

SAGBs Trim Weekly Losses But Remain On the Backfoot as Energy Prices Surge

SOUTH AFRICA
  • SAGBs open firmer this morning with yields dipping -7.4-13.3bp in early trading, having sold off sharply yesterday.
  • Yields rose +24.9-30.5bp across the curve with the 10Y most offered on the day. Both 10 & 30Y tenors surged beyond their 26 Nov highs as upside pressures in oil markets stoked inflationary fears and risk off dented demand for risk assets across the board.
  • 10Y levels: Sup1: 10.414, Sup2: 10.23, Res1: 10.71, Res2: 10.80. 30Y levels: Sup1: 11.07, Sup2: 10.971, Res1: 10.357, Res2: 10.475.

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.