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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 firmly on the front foot this morning as positive risk sentiment filters through from the APAC session.
- 10-30Y yields stand -10-11.7bp lower in early trading, having fallen -17-18bp in yesterday’s risk-on session as Ukraine talks showed signs of progress.
- Last night’s 25bp hike from the Fed has also seen LT UST yields falling this morning – supporting the move lower in SAGBS as the US curve flattens.
- SAGBs have outperformed w/w with the curve -37-41bp bull flatter in 10-30Y yields – retracing a large portion of the risk-off fallout from Russia’s invasion of Ukraine.
- 10Y next support seen at 9.80 & 10.40 in the 30Y.
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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