Daily Market Commentary: 10 July 2019

Today we are taking a look at:

·       SAGB rallies after local auction, with the belly of the curve being bid, longer end yields struggle amid deteriorating fiscal outlook

·       USDZAR holds steady

·       Oil jumped the most in a week as an industry report showing a continued draw-down in U.S. crude inventories tightened a supply outlook that’s being threatened by rising tension in the Middle East

·       All eyes on the FED as global markets await some sort of clarity. EM has seen risk off into the onslaught of Central bank news

 

DailyMarketCommentary190710

By | 2019-07-10T08:23:45+00:00 July 10th, 2019|Markets and Research|0 Comments

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