Fixed Income

SAGB yields continue to rise in thin liquidity conditions, steep curve is maintained


The rand holds steady in lacklustre trade


Oil clawed back some of Monday’s losses; Gold unchanged


Wall Street closed up strongly, and Asia has followed suit this morning


Date Region Event Actual/Expected/Prior Implications
09/06 EZ GDP –/-3.8%/-3.8% Negative growth expected due to activity disruptions caused by lockdown restrictions
10/06 US



Further disinflation expected on account of the Covid-19 outbreak, but to a lesser extent then in April

11/06 SA Manufacturing Production –/-52.5%/-2.1%

April manufacturing production expected to have dropped 52.2% on a monthly basis at the back of lockdown restrictions imposed

11/06 US PPI


Core producer prices remain under pressure, the recovery in oil prices during the month of May will limit the decline in the headline

12/06 EZ

Industrial production


Sharp decline expected in industrial production, resultant from lockdown restrictions imposed

12/06 UK GDP


Expected to drop by 17% on the month, due to effects of the coronavirus pandemic



Industrial Production


Industrial production expected to have slowed to -19.3% on an annual basis due to the covid-19 pandemic

12/06 UK

Manufacturing Production


Expected to have slowed to 19.9% on an annual basis

Nedbank CIB Market Commentary | | +27 11 537 4091


Source: Nedbank

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