South Africa 10-Year Bond Yield at Over 3-Week Low
South Africa’s 10-year government bond yield eased slightly to below 8.90%, hitting its lowest since September 23 and tracking other major peers. The decline came amid a global selloff in equity markets, led by the tech sector, driven by AI-related concerns and fears over high borrowing costs amid persistent inflationary pressures. In South Africa, the inflation outlook remains challenging following the recent steep hikes on fuel prices. South African Reserve Bank Governor Lesetja Kganyago told Reuters on the sidelines of the annual IMF—World Bank meetings in Bangkok that there are still plenty of risks that could derail the fight against inflation, including higher global energy and food prices and weather-related threats such as El Niño.
South Africa’s 10-year government bond yield eased slightly to below 8.90%, hitting its lowest since September 23 and tracking other major peers. The decline came amid a global selloff in equity markets, led by the tech sector, driven by AI-related concerns and fears over high borrowing costs amid persistent inflationary pressures. In South Africa, the inflation outlook remains challenging following the recent steep hikes on fuel prices.
South African Reserve Bank Governor Lesetja Kganyago told Reuters on the sidelines of the annual IMF—World Bank meetings in Bangkok that there are still plenty of risks that could derail the fight against inflation, including higher global energy and food prices and weather-related threats such as El Niño.