Today we are taking a look at:
- SAGBs bull steepen yesterday amid better liquidity conditions, yields follow ZAR and swaps stronger
- The rand remains vulnerable to further weakness
- Brent crude held losses after falling into bear market as concern the U.S.-China trade war will continue to sap demand outweighed an industry report showing American crude stockpiles are still shrinking
- Asian markets have not followed the US higher as hopes of easing trade tensions dissipate; Whispers of a fair value level of 7.50 for the CNY are keeping investors on the sidelines; Expect increased volatility, as the EM blanket selling should continue
If you are looking for more relevant market commentary, have a look at our other Markets and Research.