Today we are taking a look at:
- Weak day for SAGBs and ZAR as month-end rebalancing begins early, WGBI-related rebalancing likely to exacerbate moves, as SAGBs yields are sharply higher on the day
- The rand holds steady above 19.0000
- Oil continued to claw back losses as attention turned to output cuts in response to the demand hit from coronavirus lockdowns
- Global markets take a breather after two weeks of consecutive gains as the economic impact of the virus leads to some risk-off trade into the weekendDailyMarketCommentary200424
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