Daily Market Commentary: 16 July 2019

·       SAGBs bull steepened as the R2030 rallied, thin liquidity as markets await SARB this week

·       Focus today on the US data releases

·       Oil held losses below $60 a barrel after the biggest decline in almost two weeks as a tropical storm that shut almost three-quarters of U.S. Gulf of Mexico production moved inland

·       Market direction will likely be driven by the corporate earnings season

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