(Bloomberg) -- South African government bonds fell
after inflation accelerated to an annual 6.3 percent in April,
exceeding the central bank's target range for the first time in
more than three years.
The yield on the 13 percent bond due August 2010, also
known as the R153, rose to 8.2 percent, with the price at
113.19. Bond yields move inversely to prices. Against the
dollar, the rand fell 0.5 percent to 7.178 as of 11:41 a.m. in
Johannesburg.
Read more at Bloomberg Bonds News
after inflation accelerated to an annual 6.3 percent in April,
exceeding the central bank's target range for the first time in
more than three years.
The yield on the 13 percent bond due August 2010, also
known as the R153, rose to 8.2 percent, with the price at
113.19. Bond yields move inversely to prices. Against the
dollar, the rand fell 0.5 percent to 7.178 as of 11:41 a.m. in
Johannesburg.
Read more at Bloomberg Bonds News
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