MPC

Daily Market Commentary: 24 May 2019

By | 2019-05-24T09:53:12+00:00 May 24th, 2019|Markets and Research|

Today we are taking a look at: SAGB yield curve bull steepens as front end moves lower, prompted by dovish MPC The rand trades on the back foot Oil headed for its biggest weekly drop since December as the rapidly escalating trade war caused investors to reassess the outlook for global growth The JSE and [...]

Daily Market Commentary: 23 May 2019

By | 2019-05-23T09:26:10+00:00 May 23rd, 2019|Markets and Research|

Today we are taking a look at: SAGB yields edge lower after downside CPI surprise, markets watch SARB MPC today Markets continue to await the cabinet announcement Oil extended losses after a surprise jump in American crude inventories alleviated concerns over a supply crunch, while the demand outlook remained bleak as there was no let [...]

Daily Market Commentary: 29 March 2019

By | 2019-03-29T07:33:16+00:00 March 29th, 2019|Markets and Research|

Today we are taking a look at: Bull steepening with bonds outperforming swaps after what is being seen as a dovish MPC All eyes on Moody’s Oil headed for its best quarter in almost 10 years as the OPEC+ coalition’s production cuts and the loss of barrels due to U.S. sanctions on Iran and Venezuela [...]

Daily Market Commentary: 28 March 2019

By | 2019-03-28T07:39:23+00:00 March 28th, 2019|Markets and Research|

Today we are taking a look at: Risk off at the margin yesterday, following ZAR and EM FX, SAGB yields rise consequently All eyes on the outcome of the MPC today Oil fell for a second day after an unexpected jump in U.S. crude stockpiles unnerved a market already anxious about faltering global demand Global [...]

Monthly Insights: December 2018

By | 2018-12-11T10:59:26+00:00 December 11th, 2018|Markets and Research, Watch This|

Executive Summary ·        After sounding increasingly hawkish since its September meeting, the US Fed has come to the realisation that it may need to reassess its policy tools, and its tightening strategy. While domestic macroeconomic data remain upbeat, cracks have started to emerge in the form of a slowdown in business capex spending, tighter global [...]

Daily Market Commentary: 21 November 2018

By | 2018-11-21T09:58:37+00:00 November 21st, 2018|Markets and Research|

Today we are taking a look at: SAGB yields continue to remain range-bound ahead of SARB MPC, weekly nominal bond auction sees better demand Rand remains range bound, as focus shifts to local data releases and MPC tomorrow Gold and oil price continues to move in opposite directions; Brent weighed by ample global supplies, while [...]