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 kick off Friday’s session on the backfoot with yields +2.3-3.3bp higher in line with UST yields. Yesterday’s session saw early gains in 10-30Y tenors pared to close +5-9bp bear steeper.
- W/w the curve is mostly bull steeper with 3m-10Y tenors -7-28.5bp lower, while 15-30Y tenors are seen mostly flat to a fraction higher.
- Both the 10 & 30Y remain within their recent bear channels ahead of NFPs today.
- 10Y yields are retesting the 10.00 level this morning, while the 30Y probes 10.60 with the bear channel top above around 10.70.
- 3x5 FRA-Jiba3m spreads continue to narrow, now standing at +60bp, down from +72bp on 28 March.
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