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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
- SAGBs open on the backfoot this morning, playing catchup after yesterday’s market closure for Human Rights day.
- Overnight, Powell spooked bond markets with hawkish guidance on inflation, prompting markets to boost expectations for two potential 50bp hikes in May/June.
- 10-30Y yields stand +12.3-16.8bp higher this morning, extending Friday’s +11bp move higher as the curve bear steepens.
- 10Y yields have crossed over the 10.20 mark, while 30Y yields are hovering just above 10.80, having retraced +36bp from the 17 March lows.
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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