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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 open +1.3bp higher this morning following a sharp decline in Chinese stocks during the APAC session as covid cases and lockdowns gain momentum.
- 10-30Y yields rose +9.2-12.1bp in yesterday’s session in line with weaker global risk sentiment, despite a softening in oil prices.
- 30Y yields are hovering just above the 50% fib of the 17 Feb-08 Match range, with 10.60 the next notable support.
- This morning the treasury warned of inflation moving towards the 6% upper band of the SARB’s target range on the back of Ukraine risks.
- However, 1x4 FRA-Jiba3m spreads remain contained at +33bp ahead of the next meeting.
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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