South African bond market was slightly positive on Tuesday amid early signals that the recent global market sell-off may have run its course.
The relative calm has allowed the rand and bond markets to claw back their recent losses‚ which were the result of a concern about the UK’s vote to leave the EU.
The yield on the benchmark R186 bond slipped to 9.025% this morning‚ from 9.110% at the previous close.
The flight to safety has pushed some of the European benchmark bond yields to record lows in recent days‚ including the UK 10-year bond.
Dow Jones Newswires reported that Japanese government bonds continued to rally on Tuesday‚ sending yields on long-term notes to record lows‚ with investors pouring their money into safe assets.
— TMG Digital/BDlive
Bonds pick up as concern about Brexit eases
South African bond market was slightly positive on Tuesday amid early signals that the recent global market sell-off may have run its course.
The relative calm has allowed the rand and bond markets to claw back their recent losses‚ which were the result of a concern about the UK’s vote to leave the EU.
The yield on the benchmark R186 bond slipped to 9.025% this morning‚ from 9.110% at the previous close.
The flight to safety has pushed some of the European benchmark bond yields to record lows in recent days‚ including the UK 10-year bond.
Dow Jones Newswires reported that Japanese government bonds continued to rally on Tuesday‚ sending yields on long-term notes to record lows‚ with investors pouring their money into safe assets.
— TMG Digital/BDlive