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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 trade a fraction firmer this morning, having remained under pressure in yesterday's session as bear steepening with bear steepening pressures holding.
- 2Y yields continued to drift higher, breaking the 5.30 handle, while 10 & 30Y yields faltered slightly around yesterday's highs. W/w the SAGB curve stands +19-27bp bear steeper, with the 10Y leading the way higher.
- Since the 19 Nov SARB meeting 3x6 FRA-Jibar spreads have been steadily climbing in line with ZAR weakness – now trading back around +50bp.
SAGB curve wow
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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