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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 front foot in line with firmer global risk sentiment and lower UST yields following last night’s FOMC.
- 10-30Y yields are -1.6-2.2bp lower this morning, following on from yesterday’s -3.4-5.9bp move led by the 30Y. Powell delivered in line with expectations on the +50bp hike and guidance towards balance sheet reductions, but downplayed any appetite for +75bp hikes – supporting global risk.
- Key support in the 10Y is still defined at 10.20 and 10.80 in the 30Y. 1x4 FRA-Jiba3m spreads remain stable at +45bp, while 3x6s saw a slight dip to +96.2bp from the weekly high of +100bp.
3x6 FRA-Jiba3m spreads
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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