Analysis On Fixed Income, Fx & Equity Markets
Nigeria
The National Bureau of Statistics' (NBS) decision to reweight the consumer price index in July does not alter our average inflation forecasts of 11.8% in 2010, and 11.1% in 2011. Although...
2010-08-26Bahrain
Our long-held view that Bahrain's fiscal and financial troubles had not been fully priced into bond yields has been given added weight today, at least in the eyes of the market, with...
2010-08-23Cote d'Ivoire
In light of the latest rally in Sub-Saharan African eurobonds, we reiterate our view that both Ghana and Gabon have reached a top. That being the case, we continue to favour instruments...
2010-08-23Kenya
BMI View: Relatively liquid Sub-Saharan African currencies continue to be driven by moves in the dollar-euro exchange rate, and this being the case, our global team's view for the...
2010-08-17South Africa
South African treasury yields have declined sharply in recent trading sessions, and we remain bullish. As shown in the accompanying charts, both 10-year and 2-year treasuries have rallied,...
2010-08-13Ghana
BMI View: The Ghanaian economy showed several signs of strain over the first half of 2010 and we have accordingly lowered our forecast for real GDP growth in 2010 to 5.6% from 6.1%...
2010-08-12Ghana
Ghana's US$2017 global bond is rallying strongly in line with the global trend for emerging market debt, and is currently testing its all-time-high. The instrument has been buoyed by...
2010-08-10BMI View: Sustained wheat price rises could lead to inflation risks in Egypt, in particular, but also in Saudi Arabia and Syria. For Algeria, which is projected to double its production...
2010-08-06
