STANLIB’s Fixed Income team positions defensively amid turbulence

In Q1, positive news on domestic inflation and progress on Treasury’s fiscal consolidation plans were countered by disagreements around the South African Budget and tariff announcements from the US, says STANLIB’s Deputy Head of Fixed Income, Sylvester Kobo. As a result, bond yields drifted higher through the quarter. Sylvester analyses the positioning of the Flexible Income Fund amid the heightened uncertainty and whether domestic interest rate cuts are likely.

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