Today we are taking a look at:

  • Front end re-prices lower, but back end continues to trade very poorly despite the increasingly attractive yield pickup now for locals. A weak close in SAGBs
  • Dovish SARB, rates on hold, rand unchanged
  • Oil’s after-market rebound waned Thursday after the U.S. Treasury Department disputed a report that the Trump administration might ease trade tariffs against China
  • Disappointing results from retailers weigh on the JSE. European markets end lower, while news that the US is considering lifting tariffs on Chinese goods buoy US and Asian markets.
  • SARB dovish, keeps rates unchanged

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