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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 this morning with yields down -6-9.6bp across the curve – maintaining bullish momentum from yesterday’s session.
- Yields fell -5.5-7.3bp in the 5-30Y section of the curve with the 5Y most bid.
- W/w SAGBs trade +8-13bp bear flatter in 3m-10Y tenors, with 20-30Y tenors mostly flat.
- 10Y yields remain pegged above the 10.00 handle, while the 30Y has taken a leg below 10.60 this morning with the 17 March lows coming into focus.
- 1x4 FRA-Jiba3m spreads have narrowed to +28.3bp following yesterday’s flat CPI print, implying little market reaction to the base case decision of a +25bp hike.
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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