The South African rand was little changed in early trade on Monday.
Rand Merchant Bank said in a morning briefing that the exchange rate had looked comfortable around 19 rand to the dollar but that rising US Treasury yields risked pressuring the rand.
“This means that the rand will be a price taker, with none of the domestic data scheduled important enough to override these international developments,” ETM Analytics said. South Africa’s benchmark 2030 government bond was slightly stronger in early deals, the yield down 2 basis points to 10.780%.
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