Fixed Income Chart Book: April 2018
Chances of another repo rate cut looks slim as the SARB is set on inflation expectations of 4.5%
The positive correlation between South African and US bonds should continue, despite the current inverse relationship between local and US yields, which we believe is temporary. Our fair value for the South African 10-year bond now sits at around 8%, with US 10-year treasuries at 3%.
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.