Today we are taking a look at:

  • Globally, risk trades poorly still as USTs fail to recover from their rout last week; SAGBs open slightly weaker
    and are taking their cue from USTs
  • Local politics now dominating headlines
  • Gold weakens on the back of a dollar spike after NFP; Brent extended declines on the back of a strong dollar
  • Risk off in equity markets as bond yields rise
  • US NFP beats consensus, labour market continues to tighten, wage growth rises