Every week we give you our summary of happenings in the bond market.
The All Bond Index returned an impressive 5.9% for the year to date, or almost 28% when annualised. This has been backed by solid local economic data, lower US Treasury yields and a weaker USD (thus a stronger ZAR). Although all very well, it should be noted that the bond market is now trading at levels that are very close to our bullish investment scenario. This week, eyes are on the MPC meeting as well as a slew of the local data releases, including PPI and the international trade account.