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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
- A confluence of positive factors have contributed to improved sentiment in SA bond markets over the past few months following SA's better-than expected budget in Feb, resulting in increased foreign ownership of domestic bonds.
- This has also been reflected in duration markets (15-30Y), with long-dated yields pushing 20-40bp lower m/m – contributing to a bull flattening of the term structure.
- This has also filtered through into a stronger ZAR, ranking among the top performing EM currencies.
- The SABO index confirmed a new YTD high of inflows in early May, reaching a peak of +5,260 near the start of the month with a secondary uptick to +3,746 noted this week.
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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