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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 -4.9-6.4bp firmer this morning, trimming losses from yesterday’s session as sentiment continues to whipsaw around the Ukraine crisis.
- 10-30Y yields rose +8.7-11.8bp yesterday, with 10Y yields testing tow 10.00 handle and the 30Y pulling back from 10.70 this morning.
- W/w the curve trades mostly flat to higher across the breadth with 5-10y yields up +7-9bp, while 10-30y tenors are mostly unchanged on week.
- Rising oil prices have brought forward the spectre of more tightening in the pipeline for the SARB with 1x4FRA-Jiba3m spreads pricing +31.8bp for the upcoming meeting, and +170bp in 9x12FRA-Jiba3m spreads – up from +135bp mid-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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