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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
- Local rates open slightly softer across the curve this morning, having shifted from bull steepening post-SARB to a net bear steepening by the end of the session as downside growth revisions weighed on long-end yields.
- 2Y yields dipped -6.4bp as pre-emptive market expectations for a reactive +25bp hike were priced out following a broadly dovish shift in guidance from Gov Kganyago that aligned with our base case.
- W/w the local curve ends steeper: 3m-1y yields -18-20bp lower, 15-30Y yields +20-22bp higher.
SAGB curve w/w
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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