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Yields at Month Lows Ahead of Bond Sale

SOUTH AFRICA
  • Yields on South African benchmark debt dropped for a second day to trade at one-month lows ahead of the weekly Treasury auction.
  • The securities’ appeal was boosted by an outlook change on South Africa’s credit by Moody’s Investors Service, from negative to stable.
  • This may lure more investors at Tuesday’s sale, with 3.9 billion rand worth of notes on offer, on bonds maturing in 2032, 2037 and 2040. - bbg

MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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