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Daily Market Commentary: 11 July 2019

Today we are taking a look at: SAGB yields sharply lower this morning as a result of dovish Powell and Fed minutes USDZAR breaches  sub-14.0000 Oil extended gains after closing at a seven-week high as around a third of the Gulf of Mexico’s crude output was cut before a potential hurricane and U.S. crude inventories [...]

By | 2019-07-11T12:13:22+00:00 July 11th, 2019|Markets and Research|0 Comments

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 [...]

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

Daily Market Commentary: 9 July 2019

Today we are taking a look at: ·       SAGB yields decline, short end remains anchored for a SARB cut ·       Global focus now shifts to Fed ·       Oil fell for the first time in a week as concern over the slowing global economy took precedence over geopolitical tensions, while investors waited for an indication on [...]

By | 2019-07-09T10:40:10+00:00 July 9th, 2019|Markets and Research|0 Comments

Daily Market Commentary: 8 July 2019

Today we are taking a look at: ·       Risk-off fuels higher yields as Turkish central bank governor is removed and markets uncertain over a Fed cut ·       USD rebounds on the back of US data ·       Oil edged higher as rising tension in the Middle East kept investors wary, while expectations the U.S. and China can [...]

By | 2019-07-09T11:10:12+00:00 July 8th, 2019|Markets and Research|0 Comments

Daily Market Commentary: 5 July 2019

Today we are taking a look at: ·       Continued bull flattening of the SAGB yield curve as search for yield persists ·       USDZAR breaks below R14.00/$ temporarily, all eyes on the US data today ·       Oil is set for the biggest weekly decline since May as global demand concerns outweighed an OPEC+ pact to extend [...]

By | 2019-07-10T09:28:07+00:00 July 5th, 2019|Markets and Research|0 Comments

Daily Market Commentary: 4 July 2019

Today we are taking a look at: ·       Market dovishness lead to slightly lower bond yields, hunt for yield persists ·       Markets quiet as they wait for US NFP ·       Oil edged lower as a smaller-than-expected decline in U.S. crude and gasoline inventories added bearish sentiment to a market reeling from a gloomy economic outlook [...]

By | 2019-07-10T09:27:20+00:00 July 4th, 2019|Markets and Research|0 Comments