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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 firmer this morning with the 10Y catching a bid (-14.3bp) to follow on from yesterday’s session.
- Yields fell -5-15bp across the curve with 5Y yields most bid as markets become more optimistic on inflation risks emanating from the Ukraine crisis.
- W/w the SAGB curve trades -26-33bp lower across the breadth with the 10Y having made a technical break through support at 10.00 to move below the 17 March lows.
- Next key support in the 10Y is at 9.80 & 10.30 in the 30Y.
- 3x6 FRA-Jiba3m spreads fell from +69bp yesterday to +63.3bp this morning following developments in Ukraine talks.
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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