SOUTH African bonds were marginally weaker on Thursday afternoon despite a firmer local currency. Investors were on Thursday climbing out of safe-haven assets as Brexit jitters faded.
At 3.34pm the R186 was bid at 8.810% and offered at 8.780% from a previous close of 8.775%.
The R207 was bid at 8.110% and offered at 8.080%, from a previous close of 8.085%.
Dow Jones Newswires reported that demand for haven bonds had been pulling back over the past three sessions as fears over a Brexit fallout dialled back, but treasuries were still set for a quarterly gain and extended their price rally in 2016.
Continued bond buying from the Bank of Japan and the European Central Bank may push bond yields in Germany and Japan lower still and attract investors to buy US treasuries, the newswire said.
The US 10-year yield was recently at 1.4934% from 1.5174% on Wednesday.
Picture: THINKSTOCK
SOUTH African bonds were marginally weaker on Thursday afternoon despite a firmer local currency. Investors were on Thursday climbing out of safe-haven assets as Brexit jitters faded.
At 3.34pm the R186 was bid at 8.810% and offered at 8.780% from a previous close of 8.775%.
The R207 was bid at 8.110% and offered at 8.080%, from a previous close of 8.085%.
Dow Jones Newswires reported that demand for haven bonds had been pulling back over the past three sessions as fears over a Brexit fallout dialled back, but treasuries were still set for a quarterly gain and extended their price rally in 2016.
Continued bond buying from the Bank of Japan and the European Central Bank may push bond yields in Germany and Japan lower still and attract investors to buy US treasuries, the newswire said.
The US 10-year yield was recently at 1.4934% from 1.5174% on Wednesday.
