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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 kick off weaker this morning with the curve bear steepening +4.2-5.6bp in 10-30Y yields on the back of early selling pressure in USTs.
- Yields turned mostly higher in SAGBs yesterday with the 10Y most offered on the day at +2.9bp.
- 2Y yields have also lifted this morning (+2.4bp) ahead of tomorrow’s CPI data, with sell-side analysts eyeing potential for a rise to 5.7-5.8% y/y, driven primarily by fuel and food prices.
- This is also expected to filter through to a higher average 2022 CPI rate around 5.0% vs 4.5% prior.
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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