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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