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Bond Wrap-up 16.10.2017

16 Oct 2017

Bond Wrap-up

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

The release of stronger than expected SA manufacturing and mining data last week removed some of the edge from our investment theme, “When sustained low growth becomes bond bearish.” That said, it's not nearly enough for us to consider changing our collective mind. This week’s release of CPI and Retail sales data will most likely be overshadowed by the build up to next week’s Medium Term Budget Policy Statement. Even though we accept that the Minister of Finance will go the extra mile to mask the naked realities as much as possible, we have yet to be convinced that any of these will present sustained solutions.