South African bond yields edged up on Friday morning ahead of a keenly awaited decision from Moody’s on SA’s credit rating later in the day. Rand Merchant Bank analyst Michelle Wohlberg said trading on Friday "should continue being relatively quiet" ahead of Moody’s as Moody’s announcement. "That, coupled with the fact that most of the US have decided to take an extended Thanksgiving weekend, should [reduce] liquidity, and markets will continue to trade in tight ranges." Moody’s has the country’s credit rating a couple of notches above subinvestment grade. The yield on the benchmark R186 was at 9.070% in early trade, from 9.020% on Thursday. The yield on the US 10-year note rose to 2.3816% from 2.3516%.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.