The Macro Chart Book

The Macro Chart Book : August 2019

2019-08-28 | by Krishna Sathee, Ruen Naidu, Hope Sono, Janine Pein

Technical factors have driven US treasuries lower, while lower South African inflation and a peak in the total risk premium signals potential bond market gains for South African investors. On the credit side, Eskom remains a worry.

The Macro Chart Book : July 2019

2019-07-08 | by Krishna Sathee, Ruen Naidu, Hope Sono, Janine Pein

The strategy of buying financial assets that will offer a sure loss if held to maturity, originally initiated by actions of central banks, is now a prevalent market phenomenon.

The Macro Chart Book : May 2019

2019-05-31 | by Krishna Sathee, Ruen Naidu, Hope Sono, Janine Pein

US/China trade war continues to have an impact on bond yields, while Chinese authorities are under pressure to maintain the currency to protect the local economy and avoid a global shock. Core inflation has declined significantly and on the credit side issuance has fallen in May.

The Macro Chart Book: April 2019

2019-04-30 | by Krishna Sathee, Ruen Naidu, Hope Sono, Janine Pein

The local credit market has been booming this year and, following a quiet 2018, demand for inflation-linked bonds is also on the rise. The increased demand for these bonds also contributed to an increase in the breakeven inflation rate.