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Bond Wrap-up 06.11.2017

06 Nov 2017

Bond Wrap-up

Every week we give you our summary of happenings in the bond market.

The magnitude of the impact of the Medium Term Budget Policy Statement is still reverberating. As expected, heightened fears of near term sovereign credit downgrades are keeping the bond market on the back foot.  What does not come as a surprise is the hefty selling by foreign investors post the MTBPS. In a relatively light data week, we would not expect for market sentiment to improve.