Free Trial
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 around the open with 2Y yields +2.0bp higher, having sold off sharply in Friday’s session (+14.4bp) – rising towards 5.10.
- W/w the SAGB curve mostly higher across the breadth with 15-30Y yields up +5-9bp on week.
- Focus for SAGBs will be on the Fed’s taper discussion, with markets anticipating a faster process potentially ending around March/April 2022 – clearing the way for earlier (and potentially more) hikes than anticipated.
- Focus will be on the dot plot for median expectations of 2 or 3 hikes in 2022.
- SAGB’s should remain vulnerable to volatility in UST’s this week with key Sup/Res in the 10Y at 9.852 & 10.00 respectively; 30Y key Sup/Res at 10.50 & 10.80.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok