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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 firmer this morning, trimming selling pressure from yesterday’s broadly risk-off session.
- Sentiment from APAC has improved this morning as markets acclimate to Russia’s invasion of Ukraine with 10-30Y yields -6.2-6.5bp lower in early trading, but still well off the +21-23bp rise noted in yesterday’s session.
- Relative to other EM’s SAGBS held up relatively well, following an improved fiscal outlook emanating from Wednesday’s budget.
- 10Y yields stalled at the 38.2% fib of the Nov 26-16 Feb range at 9.84, while the 30Y held just shy of the 50% level at 10.657.
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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