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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
- FI markets closed for public holiday.
- Yesterday’s price action, however, remained mostly bearish with yields ending +4.5-6.1bp higher ahead of the FOMC meeting.
- 10 & 30y yields continue to tread water in their respective ranges with the 30Y hovering below key pivot resistance at 10.80.
- Flat CPI and notably higher PPI data had little effect on rates, or implied market pricing with 1x4 FRA-Jibar spreads still pricing in +19.7bp for the Jan meeting.
- W/w the SAGB curve trades mixed to higher with 2Y yields +17.55bp & 20-30Y yields +7.75-8.55bp higher.
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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