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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 tread water around the open, having closed yesterday's session broadly bear flatter following a +25bp hike from the SARB in a close call 3-2 split.
- 2Y yields jumped +5-6bp following the announcement, while 10-30Y yields traded choppily to end +0.4-2.3bp higher on the day.
- 10Y yields will have an eye on the 10.00 handle for more upside, while the 2Y will need to breach 5.30 to make the next leg higher towards 5.40-5.50. W/w the SAGB curve stands +13-15bp bear steeper in 10-30Y yields.
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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