Fixed Income Chart Book: August 2017
We still expect a rate cut in September
We expect dollar weakness to continue, which will provide ongoing support to commodity prices and the rand. The unwinding of the Fed’s balance sheet is unlikely to have a negative impact on US treasuries and local bonds. With inflation having fallen below 5%, we expect a rate cut in September. In the meantime, S&P has released their revised national rating scale for South Africa, which resulted in several upgrades.
How can we assist you?
Graduate Development Programme
The Graduate Development Programme is aimed at developing new talent by exposing new graduates to the investment management industry.