SOUTH African bond yields retreated from their earlier highs, but remained weak as tensions over a possible Greek default next week eased.Greece’s finance minister, Yanis Varoufakis, said late on Tuesday that Athens will be able to make its next payment to the International Monetary Fund on June 5 because it will have reached an agreement with its creditors by then, according to Dow Jones Newswires.The risk off sentiment that has driven investors to sell local bonds recently has mainly been related to Greece, a local trader said.Concerns that the country would default on the upcoming loan payment has resulted in investors taking less riskier bets on the dollar in order to protect their returns."The focus will still be on political developments in Europe," ETM market analyst Ricardo Da Camara said."We are bound to see some market volatility and uncertainty until the June 5 deadline," he added.At 12.01pm‚ the benchmark R186 was bid at 8.140% and offered at 8.130% from a Tuesday close ...
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