Macro Analysis /

SA and Uganda face rating updates, flattening bias in bonds set to persist

  • Forex: South African Rand faces the perfect storm following the MPC

  • Fixed Income: Broader flattening bias across the global bond market set to persist amid stagflation fears

  • Macroeconomic: South African Reserve Bank hikes 25bps but normalisation path to be gradual

Kieran Siney
Kieran Siney

Head of African Markets

Takudzwa Ndawona
Takudzwa Ndawona

Financial Markets Analyst

ETM Analytics
19 November 2021
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