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Daily Market Commentary: 19 September 2017

Today we are taking a look at: Marginal inflows into SA bond market yesterday, markets await local CPI data and FOMC rate decision tomorrow USDZAR continues to trade weaker ahead of the central bank meetings Despite news of Saudi exports declining recently, the Brent price eased on the back of profit-taking, Gold remains on a [...]

By | 2017-09-19T08:30:50+00:00 September 19th, 2017|Markets and Research|0 Comments

Interest Rate Barometer: 15 September 2017

Good day, Herewith the latest edition of our Interest Rate Barometer. We trust that this will contribute to a broad overview of our view and expected outcome of this week's Monetary Policy Committee meeting. Please feel free to address any questions or feedback to the undersigned. Executive Summary The interest rate barometer considers the factors [...]

By | 2017-09-15T12:10:31+00:00 September 15th, 2017|Markets and Research|0 Comments

Daily Market Commentary: 15 September 2017

Today we are taking a look at: SA 10 yr stays bid, falling to 8.40% intraday, however net outflows recorded yesterday North Korean missile launch creates global tension Gold remains weighed down by a stronger dollar; Oil rallies sharply above $55/bbl. Global markets close mostly lower, with geopolitical tension weighing, following renewed North Korean threats.  [...]

By | 2017-09-15T08:10:50+00:00 September 15th, 2017|Markets and Research|0 Comments

Insights: An update on SA and EM CDS spreads

Executive Summary: After Brazil, SA has the highest CDS spread when compared to its closest EM peers. However, EM spreads on average have been trending lower since 2016 and accelerating to the downside YTD. Much of the compression in EM and SA CDS spreads can be explained by the easier global financial conditions Currently, local [...]

By | 2017-09-13T14:36:09+00:00 September 13th, 2017|Markets and Research|0 Comments