Daily Market Commentary: 22 April 2020

Today we are taking a look at:

  • SAGB curve steepens as front-end yields decline, while the long-end remains sticky on concern of WGBI-related outflows and fiscal slippage
  • President announces stimulus plan
  • Oil dropped to the lowest in more than 18 years; Gold down
  • The US finished near its lows but Futures are broadly in line from where we went out. AsiaPac is lower, the commodity basket mixed and Tencent up 1%, which should provide a bit of support to NPN
  • SA Leading index increased due to higher prices on SA exports and wider interest rate spreadDailyMarketCommentary200422

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By | 2020-06-10T11:37:22+02:00 April 22nd, 2020|Markets and Research|0 Comments

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