South Africa's bond yield falls 2.5 basis points as rand extends losses
South Africa’s benchmark 2035 government bond yield fell 2.5 basis points, reaching 8.89%. The South African rand extended its losses, trading at 16.43 against the dollar.
The rand showed a 0.1% softening compared to its previous closing level. Oil prices increased for the second consecutive trading session.
Market watchers await several key reports; the South African Reserve Bank is expected to issue its quarterly bulletin around 0800 GMT. Furthermore, Statistics South Africa plans to release formal sector employment data, excluding agriculture, near 0930 GMT.
































