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 slightly softer this week with 10Y yields up +0.6bp in early trading.
- W/w the local curve managed to hold onto its bull steepening gains as Fed speakers eased concerns of faster policy normalisation on the back of a higher headline CPI print.
- This week’s focus is on the close-call SARB meeting, where consensus has aligned with a faster pace of tightening at +50bp vs +25bp in March. 1x4 FRA-Jiba3m spreads have remained in the +45-48bp range since early May.
- This should keep front end yields mostly stable or drifting slightly higher into the meeting, while longer term tenors will continue to trade in line with global risk sentiment.
1x4 FRA-Jiba3m
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