Fixed Income

A global risk rally supports ZAR and SAGBs, R186 the outperformer, yields lower across the curve, but curve begins to steepen


The rand posts gains towards the 17.0000 level


Oil rose to a near three-month high; Gold prices dipped


Keep an eye on PRX, which missed accelerated inclusion in the STOXX 50


Global markets rebound as world economies move to reopen and renewed trade-war fears are cast aside


Date Region Event Actual/Expected/Prior Implications
04/06 SA

Electricity production

– –/–/-4.1% Electricity expected to show negative growth on an annual basis
05/06 US Unemployment rate  –/19.6%/14.7% May unemployment expected to edge up 20%

Nedbank CIB Market Commentary | | +27 11 537 4091


Source: Nedbank

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