Free Trial

Yields Turn Higher in line with USTs, 9x12 FRA-Jiba Spreads Eye +204bp in Hikes

SOUTH AFRICA
  • SAGBs kick off in the red this morning, with yields up +5-5.6.4bp across the curve.
  • This follows on from a broadly weaker session on Friday, trimming gains from earlier in the week to see the curve holding mostly flat w/w.
  • 30Y yields fell short of making a new low last week and are currently pegged in the 10.80-10.40 range. 10Y yields also failed to break below the 10.00 mark, with 10.20 the next key topside level to monitor.
  • 3x6 FRA-Jiba3m spreads reflect +69.7bp in hikes over the next 6m horizon, while the 9x12 FRA-Jiba3m stands at +204.7bp.
  • 9x12 FRA-Jiba3m Spread


MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

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.