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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 a fraction firmer this morning, trimming losses from yesterday’s session.
- Yields rose +3.6-5.3bp across the curve with the exception of the 10Y, which closed mostly flat on the day.
- Front-end yields have been rising this week in the lead-up to CPI and the SARB meeting tomorrow.
- CPI is expected to print flat at 5.9% today, but market will be looking for any divergences in assessing the need for another +50bp hike in July.
- 30Y yields popped back above 11.00 yesterday and remain within the uptrend that began on 07 April.
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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