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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 kick off softer this morning with 10-30y yields up +4.3-6.2bp in early trading.
- Yesterday’s session saw early gains reversed as China’s PBoC enacted RRR tweaks, which drove ZAR assets weaker.
- Poor manufacturing data also contributed to weak sentiment, reflecting the impact on extended protest action in the steel/construction industry.
- 15-30Y yields rose +6-7.5bp on the day, but remain in positive territory w/w with the curve positioned -10-17bp in 3m-10Y yields with the exception of the 2Y (+1.5bp).
- Next key resistance in 10Y yields stands at 10.00, & 10.80 in the 30Y.
SAGB curve wow
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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