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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
- Local rates unchanged this morning due to the market closure as a result of the local general elections.
- Friday's session closed with the curve broadly flatter at both ends: 2-5Y yields rose +6-9.3bp, while 15-30Y yields fell -5.3-7.5bp.
- W/w this trend continued with 2-10Y yields ending +14.55-30bp higher with the 10Y most offered, while 15-30Y yields closed -7-9bp lower.
- Higher PPI was the main source of upside pressure on the front end as markets continue to price in a series of hikes from the SARB on a 3-6m horizon (currently +69.7bp in forward rates).
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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