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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 trade a fraction firmer this morning ahead of key CPI data this morning.
- Choppy price action resumed in SAGBs yesterday with the curve closing steeper at both ends: 2Y -5.3bp, 10-30Y +8.9-12.4bp with the 30Y most offered.
- CPI data will be key to gauge this morning in terms of the policy direction for the SARB, with market expectations having come off slightly in the last few days from a clear +25bp hike to +17.7bp in the 1x4 FRA-Jibar Spread.
- This has also been reflected in front end yields which have been falling since 03 Nov.
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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