The South African bond market got off to a relatively weaker start on Wednesday morning, taking its cue from weaker global markets. The yield on the R186 bond was at 8.775% in early trade, from 8.750% on Monday. The US presidential election dominated investors’ concerns. The latest opinion polls show a tight race between the Republic candidate Donald Trump and his Democratic opponent, Hillary Clinton. "Polls are coming in fast and furiously at this stage, so expect more volatility as the US election starts to dominate market focus," Rand Merchant Bank currency strategist John Cairns said. Government bond yields in some of the developed markets were moderately lower on Wednesday morning, with the US treasury note yielding 1.8898%, from 1.8247% on Tuesday.
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