20210324: SA inflationary pressures to temporarily ease.
The benchmark 10-year US Treasury yield continued to ease, dipping below 1.6%. However, that did little to help risk assets as the extension of lockdown restrictions weighed on risk appetite. Global equity stocks closed in the red across the board yesterday, while EM currencies remained on the back foot as the US dollar strengthened on safe-haven demand. See omnystudio.com/listener for privacy information.