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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.
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Free AccessBid to Covers Surge as Linker Auction Drops in Size
Linker Auction Results:
- 30M Rand of 2% 2025 Linkers; Bid-Cover 8.5x (3.74x), Avg yield 2.02% (2.348%)
- 15M Rand of 1.875% 2033 Linkers; Bid-Cover 16x (1.68x), Avg yield 3.93% (4.2%)
- 25M Rand of 2.5% 2046 Linkers; Bid-Cover 19.4x(4.73), Avg yield 4.04% (4.362%)
Massive surge in demand for linkers after this week's lower than expected inflation print at 3.2% y/y. Most notable rise in 2033s, but surge in bid to covers appears mostly due to decreased auction size from the traditional R250-320m range
To read the full story
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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.