Today we are taking a look at:

  • Global bond yields are on the rise, along with SAGBs; however local auction clears well between 1 and 3 bps below prevailing mids
  • Markets continue to watch local headlines for guidance
  • Gold on a gradual up-trend, Brent price remains muted
  • The global sell of deepened with inflation and higher interest rate still the driving force as investors switched out of equities. Overnight the U.S. posted a relief rally which is spilling over into Asian markets this morning
  • SACCI Business confidence rises in January, buoyed by political developments