Yield’s on the R2030 government bond have fallen 216 basis points since Moody’s downgraded SA to junk
Some of the highest returns in developing markets proved too much to resist for bond investors, who have largely ignored credit-ratings downgrades and deepening concern about SA’s fiscal position in the Covid-19 pandemic.
SA’s generic 10-year yields, which jumped to records above 13% on March 24 as investors fled in anticipation of Moody’s Investors Service’s review later that month and amid a global run to safe havens, fell below 10% this week for the first time in almost two months. They are still among the juiciest returns about.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Radical economic transformation best for SA post-Covid-19, says RamaphosaPresident Cyril Ramaphosa said on Tuesday that South Africa was witnessing the “total destruction” of its economy due to the Covid-19 coronavirus, and that radical economic transformation must be central to plans to rebuild and repurpose.
Read more »
Stranded SA citizens resorting to desperate measuresWhile a South African stranded in India with stage four cancer has pleaded for help getting home, one desperate family has resorted to taking out a loan to secure a place on a repatriation flight from Thailand. day41oflockdown coronavirus
Read more »
SA anti-human trafficking hotline records 140% increase in callsSouth Africa’s anti-human trafficking hotline received a total of 588 calls at the end of March, compared to the 245 calls during the same period last year.
Read more »
SA to help Madagascar find out if indigenous plant can fight Covid-19The government says it will help Madagascar with research into whether an indigenous plant can 'cure' Covid-19
Read more »
Kaizer Motaung, IFP hail doyen of SA football ‘Sugar Ray’ XuluKaizer Chiefs founder Kaizer Motaung on Wednesday joined the country in mourning the legendary Cedrick “Sugar Ray” Xulu who passed away on Monday aged 81
Read more »
SA sheds over 20,000 jobs in April due to COVID-19Sars commissioner Edward Kieswetter was briefing the media in Pretoria on Tuesday.
Read more »