EPISODE · Jun 19, 2018 · 5 MIN
Local bonds traded weaker in early trade
from The Bond Report · host Business Day TV
Local bonds traded much weaker in early trade, with yield on the benchmark R186 rising to 9.18%, its highest point since mid-December, bid at 9.16% by the finish from 9.06% yesterday. while the R207 was bid at 7.80% from 7.74%. Demand for safe havens saw yield on the 10-year benchmark U.S. Treasury drop to its lowest in more than two weeks, while gold prices edged higher. Albert Botha from Ashburton Investments joined me in studio.
What this episode covers
Local bonds traded much weaker in early trade, with yield on the benchmark R186 rising to 9.18%, its highest point since mid-December, bid at 9.16% by the finish from 9.06% yesterday. while the R207 was bid at 7.80% from 7.74%. Demand for safe havens saw yield on the 10-year benchmark U.S. Treasury drop to its lowest in more than two weeks, while gold prices edged higher. Albert Botha from Ashburton Investments joined me in studio.
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Local bonds traded weaker in early trade
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