Session 10: Luchelle Soobyah – Macroeconomic effect of government debt maturity structure

00:00:00 – Introduction
00:00:20 – Slide 1: Introduction
00:00:33 – Slide 2: Outline
00:00:58 – Slide 3: Introduction
00:01:40 – Slide 4: Introduction
00:02:21 – Slide 5: Introduction
00:02:48 – Slide 6: Steepening of the sovereign yield curve
00:03:29 – Question
00:04:27 – Slide 6: Steepening of the sovereign yield curve
00:04:49 – Slide 7: Introduction
00:05:42 – Slide 8: The National Treasury bond switch auction programme
00:06:42 – Slide 9: The National Treasury bond switch auction programme
00:08:32 – Question
00:10:22 – Question
00:11:02 – Question
00:11:37 – Slide 9: The National Treasury bond switch auction programme
00:11:57 – Slide 10: Change in yields around switch announcement
00:13:03 – Slide 11: Impact of switch announcements on yields of bonds at different tenors
00:15:09 – Question
00:17:13 – Question
00:18:14 – Question
00:19:14 – Question
00:19:55 – Question
00:22:09 – Question
00:22:51 – Question
00:24:59 – Question
00:25:40 – Slide 12: Cost of the switch auction
00:26:35 – Slide 13: Cost of the switch auction
00:27:08 – Slide 14: Macroeconomic effect of the switch auction
00:29:13 – Slide 15: BVAR with IV
00:29:43 – Slide 16: BVAR with IV
00:29:54 – Slide 17: BVAR with IV
00:29:59 – Slide 18: BVAR with IV
00:30:03 – Slide 19: Conclusion
00:30:45 – Question
00:32:24 – Question
00:32:59 – Question
00:34:04 – Question
00:34:47 – Chairs: Outro and thank yous