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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 weaker this morning, having closed yesterday’s session marginally bull steeper on the day - led lower by the 2Y (-10.5bp) & 30Y (-8.8bp).
- Price action in USTs became choppy yesterday afternoon with the front end rising sharply on the back of Powell retiring the phrase ‘transitory’ and calling for a faster taper - wrongfooting markets that had pushed back expectations amid Omicron-related uncertainty.
- Today’s price action will likely be dictated by shifting market expectations and broad risk sentiment. Key support in the 2Y stands at 5.00, 10: 10.151, 30Y: 10.782.
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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