Fed

Daily Market Commentary Flash Note 11 June 2020

By | 2020-06-22T10:02:00+02:00 June 11th, 2020|Markets and Research|

Fixed Income SAGB yields marginally lower ahead of Fed last night; dovish Fed supports US treasury yields as it reiterates persistent stimulus measures and near-zero interest rates. Currencies Fed holds steady. Commodities Oil prices fell in early trade on Thursday; spot gold edged lower. Equities Equity markets remained under pressure as more reports on the [...]

Daily Market Commentary: 13 March 2020

By | 2020-06-10T11:50:28+02:00 March 13th, 2020|Markets and Research|

Today we are taking a look at: USTs gave up a heavy portion of gains despite the Fed announcing a massive series of $500 billion term repo operations, all assets are under significant pressure and recessions are imminent in our view; SAGB yields almost 50bps higher across the curve yesterday Rand price action extreme as [...]

Daily Market Commentary: 2 August 2019

By | 2020-06-22T10:43:54+02:00 August 2nd, 2019|Markets and Research|

Today we are taking a look at: Bear curve flattening as front-end yields tick higher, markets digest Fed and BOE communication Trump trade war provides the catalyst for USD strength Oil is set for a weekly loss after the steepest one-day drop in more than four years as Trump abruptly escalated the trade war with [...]

Daily Market Commentary: 1 August 2019

By | 2020-06-22T10:44:02+02:00 August 1st, 2019|Markets and Research|

Today we are taking a look at: Bear curve flattener as the market was disappointed by the Fed Fed cuts but statement on outlook disappoints Oil retreated from a two-week high as the Federal Reserve dimmed hopes for more U.S. interest rate cuts, countering a seventh weekly decline in American crude stockpiles Global markets trade [...]

Daily Market Commentary: 31 July 2019

By | 2020-06-22T10:44:11+02:00 July 31st, 2019|Markets and Research|

Today we are taking a look at: ·       SAGB curve maintains steepening bias as fiscal woes fester after the Eskom results announcement ·       All eyes on the outcome of the FOMC tonight ·       Oil extended its longest rally in three weeks as lingering Iran tensions stoke concerns over the stability of Middle East energy flows, [...]

Daily Market Commentary: 22 July 2019

By | 2020-06-22T10:45:45+02:00 July 22nd, 2019|Markets and Research|

Today we are taking a look at: ·       President graft headlines causes some selling in SAGBs as steepening exacerbated by declines in front-end yields ·       Gold prices muted as the precious metal continues to ease from 2013 highs hit in the previous session ·       Local politics likely to weigh on the rand ·       Investors dial [...]