It is obviously winding up for a bigger move. The dollar seems to be strengthening but it's hard to trust. SA covid numbers are improving despite opening up. GDP contracted but not as much as anticipated: -2.0 vs -3.4.
What do the high yield bonds look like and what am I missing? What needs to happen to return to a "normalcy" around 12-15, is that possible or are investors permanently spooked?
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