South African bonds were stable on Monday morning, tracking the rand, which has been relatively steady against the dollar.The past week has seen some deterioration in investor confidence, as a result of tension between the US and North Korea, terrorist attacks in Spain and uncertainties around the administration of US President Donald Trump.While tension between the US and North Korea has eased, uncertainty over the US administration remained after chief strategist Steve Bannon left the White House.Investors remained worried despite Bannon’s departure, with questions about whether Trump can deliver on his economic growth promises, putting the dollar under pressure.On the local front, Statistics SA will release the consumer price index on Wednesday. Economists expect the July print to ease to 4.6% from 5.1% in June as a result of lower food and transport costs.On the central bank front, attention this week will be on the Jackson Hole summit from Thursday, where comments by central ba...
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