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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 the morning off on the front foot with duration catching an early bid ahead of US CPI & the FOMC minutes: 10Y -5.5bp, 15Y -6.2bp, 30Y -5.7bp.
- This follows a broadly firmer session yesterday with the curve closing lower across the breadth with a slight bull steepening bias.
- 2Y yields fell -5.3bp, while 15-30Y yields pulled -3.1-3.7bp lower on the day.
- 10Y yields managed to hold below 9.90 resistance, while 30Y yields made a second rejection of 10.90.
- Nevertheless, the broad uptrend still remains intact with SAGBs at risk of seeing some volatility today around the tapering announcement, given their high-beta nature.
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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