NOW ep74: In turbulent times, not all bonds are equal

Loading player...
Not all bonds are equal in a geopolitical storm. Chief Investment Officer for Investec Bank Switzerland Annelise Peers and Investec Wealth & Investment Fixed Income Analyst Awongiwe Booi discuss the role of bonds in times of uncertainty. Listen to the latest episode of the No Ordinary Wednesday podcast.

Podcast key moments:

00:00 – Introduction

01:12 – What impact is geopolitical turmoil having on economies, financial markets and the oil price?

02:36 – How has the bond market reacted to conflicts in the Middle East and the Russia/Ukraine war?

03:44 – What has been the impact of the conflicts and fluctuating oil price on South Africa?

05:32 - How is South Africa’s low growth, high interest rates, sticky inflation and structural issues impacting the local bond market?

06:51 – With strained government finances, how is the global bond market viewing South Africa?

09:10 – Economic growth outlook in major economies

11:27 – What do economic indicators in major markets mean for bond markets?

13:46 – To what extent is Japan a factor?

15:29 – Foreign investors staying the course in emerging markets

18:06 – Interest rates outlook

19:46 – Impact on long-bond yields and currencies

22:44 – Outlook for fixed income markets

Hosted by seasoned broadcaster, Jeremy Maggs, the No Ordinary Wednesday podcast unpacks the latest economic, business and political news in South Africa, with an all-star cast of investment and wealth managers, economists and financial planners from Investec. Listen in every second Wednesday for an in-depth look at what's moving markets, shaping the economy, and changing the game for your wallet and your business.

Read more on www.investec.com/now
28 May 2024 English South Africa Business · Investing

Other recent episodes

Macro Monday Ep129: Warsh’s hawkish speech

New Fed chief Kevin Warsh delivered a hawkish speech at the Jackson Hole symposium of central bankers on Friday, leading to a stronger US dollar and increased expectations of rate hikes this year and next year. Investec Investment Management’s Investment Strategist Osagyefo Mazwai examines what this means for the US…
31 Aug 9 min

No Ordinary Wednesday | The economics of tourism in SA

South Africa’s growth challenge is shifting from reform to delivery. Tourism is part of that test. International arrivals rose 12.3% in the first half of 2026. And phase III of the government-business Partnership now puts the sector firmly on the growth agenda, with a focus on air access, visas, safety…
25 Aug 12 min

Everything Counts | Episode 54: Protecting property wealth

Property is often seen as one of the more reliable ways to build long-term wealth. It’s tangible, familiar and, for many South Africans, an important part of their financial plan. But investing in property comes with risks that can be easy to overlook, from hidden costs and changing rental yields…
25 Aug 28 min

Macro Monday Ep128: US bond market intervention fails to bring down yields

Moves by the US Treasury to intervene in the bond market failed to bring down yields meaningfully, and the continuing worsening of the US’s fiscal position may explain why. According to Chris Holdsworth, Global Chief Investment Officer, Investec Investment Management, the US’s debt-to-GDP ratio is above 100% and seems set…
24 Aug 4 min

Macro Monday Ep127: The Fed’s difficult position

The US Federal Reserve finds itself in a difficult position. The US economy has been shedding jobs, and wage growth is soft. At the same time, says Chris Holdsworth, Global Chief Investment Officer, Investec Investment Management, government debt continues to grind higher while inflation remains elevated, mainly the result of…
17 Aug 7 min