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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 tread water at the open following the extended public holiday break.
- Yields closed broadly higher across the curve last week with UST yields rising ahead of this week’s FOMC meeting where the Fed is expected to deliver the first of a series of 50bp hikes along with guidance towards balance sheet reductions in June.
- 10 & 30Y yields broke key resistance last week amid risk-off conditions as positive sentiment surrounding ZAR assets unwound. Credit default swaps also accelerated higher, rising +22.3bp w/w.
- SAGB yields will likely remain vulnerable to volatility this week in line with FOMC developments and global risk sentiment.
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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