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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.
RUSSIA
- SAGBs kick of slightly softer this morning, with 2Y yields up +3.1bp in early trading.
- Broad-based risk-off drove yields +3.8-7.8bp higher across the curve in yesterday’s session, with 2 & 30Y tenors most offered on the day.
- 30Y yields have returned to retest the 10.50 breakout lower, while the 10Y failed to hold below 9.70.
- Post-SARB the focus will be on the possibility for a basic income grant in the Feb budget, although FinMin Godongwana has been pushing back on implementing permanent measures with temporary windfalls.
- Expectations for fiscal prudence should support duration in the lead-up to the meeting (23 Feb).
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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