Daily Market Commentary – 24 June

Today we are taking a look at:

• SAGB yield curve steepens after SONA, back-end yields sharply higher

• USD trades on the back foot

• Crude kept rising following its biggest weekly gain since late 2016 after Trump said he would impose “major additional sanctions” on Iran

• The Top40 ended its trading day marginally softer as NPN was pushed lower in the closing auction as a number of asset managers rebalanced their portfolios given the inclusion of Exxaro in the Top40 index

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