Today we are taking a look at:

  • A large bull steepening bias in SAGBs yesterday with both offshore and local buying, yields sharply lower, back-end follows the trend reluctantly so given dire fiscal trajectory
  • USDZAR holds steady
  • Oil halted its five-day rally; Spot gold steadied near $1,705 an ounce
  • Global markets trade mostly higher as easing of lockdown restrictions lifts sentimentDailyMarketCommentary200506

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