(Bloomberg) -- South African bonds traded near their
lowest in seven months on speculation the central bank will
attempt to contain inflation by raising interest rates this week.
The yield on the benchmark note due 2015 has risen 33 basis
points in the past four days as investors sold the bonds after a
report showed inflation above target. Foreign investors sold 4
billion rand ($560 million) more of the country's bonds than they
bought last week, adding to net sales of 4.4 billion rand in the
week through May 25.
Read more at Bloomberg Bonds News
lowest in seven months on speculation the central bank will
attempt to contain inflation by raising interest rates this week.
The yield on the benchmark note due 2015 has risen 33 basis
points in the past four days as investors sold the bonds after a
report showed inflation above target. Foreign investors sold 4
billion rand ($560 million) more of the country's bonds than they
bought last week, adding to net sales of 4.4 billion rand in the
week through May 25.
Read more at Bloomberg Bonds News
No comments:
Post a Comment