Free Trial
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 front foot this morning following a slightly softer CPI print this morning, coming in at 5.7% y/y vs 5.8% exp.
- Yields stand -3.8-5.1bp lower across the curve – trimming losses from yesterday’s rout in global FI driven by higher UST yields.
- Yields rose +5.2-16bp across the curve with a bear flattening bias holding at the front end.
- Both 10 & 30Y yields have fallen below key levels this morning at 10.20 & 10.80 respectively with 10.00 & 10.60 being the next downside supports to consider.
- 1x4 FRA-Jiba3m spreads have also fallen from +38.3bp to +30.3bp following the print.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok