Top40

Daily Market Commentary: 4 July 2019

By | 2019-07-10T09:27:20+02:00 July 4th, 2019|Markets and Research|

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 [...]

Daily Market Commentary: 27 May 2019

By | 2019-05-27T09:19:38+02:00 May 27th, 2019|Markets and Research|

Today we are taking a look at: SAGBs maintain bull steepening bias after the dovish SARB, yields marginally lower across the curve from a week ago Local markets now await the announcement of the cabinet WTI oil held gains above $58 a barrel after American explorers reduced drilling activity to the least in more than [...]

Daily Market Commentary: 18 April 2019

By | 2019-04-18T09:00:04+02:00 April 18th, 2019|Markets and Research|

Today we are taking a look at: SAGB curve bull flatten back to auction levels in thin liquidity The rand holds steady at sub 14.0000 Oil held losses below $64 a barrel as government data showing U.S. crude stockpiles didn’t fall as much as anticipated eased concern about a global supply crunch The Top40 closed [...]

Daily Market Commentary: 9 April 2019

By | 2019-04-09T07:56:52+02:00 April 9th, 2019|Markets and Research|

Today we are taking a look at: A slow start to the week for SAGB’s, narrow range with yields marginally higher Annual World Bank and IMF meeting begins Oil extended gains to the highest since early November as an escalation of geopolitical conflicts in Libya and Iran belied technical indicators suggesting the rally is overdone [...]

Daily Market Commentary: 19 March 2019

By | 2019-03-19T08:54:22+02:00 March 19th, 2019|Markets and Research|

Today we are taking a look at: Sideways moves in FX and FI markets as the market waits for the Fed interest rate decision tomorrow USDZAR holds steady sub 14.5000 Oil held gains near the highest level this year after OPEC and its partners committed to continue production cuts until at least June Our Top40 [...]

Daily Market Commentary: 6 March 2019

By | 2019-03-06T08:56:14+02:00 March 6th, 2019|Markets and Research|

Today we are taking a look at: SAGBs rally after local GDP print, carry remains king and SAGBs are still attractive to offshore Rand trading on the back foot as dollar strengthens Oil extended a decline after an industry report showed a massive increase in crude stockpiles, reviving fears of a global glut The local [...]