Monthly Archives: October 2024

Download PDF How many rate cuts can we expect from the SARB? In September’s monthly note we used an interest rate gap framework to estimate the cyclical trough in the US real policy rate. This month we apply the gap…
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Download PDF The US interest rate cycle and what it means for SA bonds The path of US rates is arguably the most important debate for SA bond investors, alongside SA’s ability to consolidate its fiscal position. Our analysis attempts…
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