Every week we give you our summary of happenings in the bond market.
The local bond market ended the week stronger, partly as a result of slightly better developed bond markets and a fairly stable rand. Market participants are expecting the release of a lower SA January CPI print this week while nerves will start building ahead of next week’s national budget speech. Elsewhere, eyes and ears will be on inflation data out of the US and Yellen’s scheduled appearances before the US Congress. Do not expect her to divulge too much about short-term changes to monetary policy.