(Reuters) - South African government bonds weakened on Wednesday as worse than expected inflation data raised the chances of an interest rate hike next week, prompting heavy selling on local paper.
Yields on the most-traded issue due in 2010 increased by 12.5 basis points from Tuesday's closing levels to 8.305 percent, while those on the benchmark note due in 2015 went up by 11.5 basis points to 7.89 percent.
Read more at Reuters Africa
Yields on the most-traded issue due in 2010 increased by 12.5 basis points from Tuesday's closing levels to 8.305 percent, while those on the benchmark note due in 2015 went up by 11.5 basis points to 7.89 percent.
Read more at Reuters Africa
No comments:
Post a Comment