Gauging future central bank activity

Gauging future central bank activity

The biggest talking point in the currency arena this past month was centered around central bank activity. Of particular interest were the actions, or rather, implied future actions, of the Federal Reserve. This month we look at three major central banks within the...
5 factors to keep in mind

5 factors to keep in mind

This month has seen risk assets continue to outperform as a consequence of a notable improvement in investor optimism following several contributing factors. The successful rollout of vaccines in many parts of the world (particularly in the developed economies), an...
Where to now?

Where to now?

A year ago, we found ourselves in the middle of a hard lockdown. Uncertainty was at an all-time high and the markets reflected this investor uncertainty. It’s crazy to think that only a year ago the rand traded above the R19 level to the dollar as investors...
One quarter down, three to go

One quarter down, three to go

As March ends and we enter the second quarter of 2021 we look at a few of the major factors which will shape the economic backdrop for the remainder of the year. We specifically look at the global growth outlook, inflation expectations and currencies. The expectation...
Bond yields, interest rates and fiscal stimulus

Bond yields, interest rates and fiscal stimulus

Over the past months yields on bonds have risen significantly. This is not only true for U.S. bond yields, but for most other government bonds too. In this edition of Your Monthly Wau! we look at the implications of rising bond yields, interest rates, growth dynamics...