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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 open slightly weaker this morning in the run-up to CPI data and the FOMC this evening with yields up 1-2bp across the curve.
- Yesterday’s session saw a notable turnaround to close +6.6-7.6bp bull flatter on the day with the 10Y leading the way lower – having pulled back from the 10 handle.
- Key support remains at 9.852 in the 10Y & 10.55 in the 30Y, while pivot resistance is defined at 10.00 & 10.80 respectively.
- CPI & PPI data are the initial hurdles today before the FOMC, with some sell-side analysts seeing scope for a slightly softer CPI print at 5.4% y/y.
- 3x6 FRA-Jibar spreads have remained mostly stable in the +32-40bp range, having moderated from +50bp following the discovery of Omicron.
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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