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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 open on the backfoot this morning with 10-30Y yields up +8.7-9.3bp.
- This caps off a choppy week of trading as the Ukraine crisis develops – causing significant swings in risk sentiment and oil prices.
- W/w the SAGB curve stands -4-8bp lower across the breadth, with the 10Y most bid.
- 30Y yields retraced to the 76.4% fib of the 17 Feb – 08 March range, stalling just short of 10.40, while the 10Y has turned back above 10.00 after failing to clear the 61.8% fib.
- Focus shifts to next week’s SARB where markets are pricing just over a +25bp hike with 1x4 FRA-Jiba3m spreads at +32.2bp.
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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