Attractive yields and improving clarity

United States Treasuries

  • Headline and core inflation remained at 2.4% and 2.5%, respectively.
  • Geopolitical tensions drove demand for safety assets, pulling the 10‑year Treasury yield to ~3.94%.

Global credit

  • Investment grade credit: Slight spread widening but underpinned by strong corporate fundamentals.
  • High yield: Continued to provide positive carry, though spreads widened by ~29 bps, with heightened refinancing risk for weaker names.

Other sections to read:

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Introduction

Global Equities

South African Fixed Income

Conclusion

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The below FSCA regulated companies, who conduct asset management and investment services, are owned by Orion Investment Managers (OIM). These subsidiary companies operate in a number of different jurisdictions, and each provides investment management and products to their clients. Orion Investment Managers, is, in turn, owned by Spirit Invest International, which owns a portfolio of companies in the investment sector...
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