Bonds range bound despite North Korean missile and London terror attack
South African bonds were marginally firmer on Friday afternoon, despite the return of geopolitical tension over North Korea and a terror attack in London. An explosion hit a London subway train on Friday, injuring 22, in what UK police were treating as a terrorist attack, Dow Jones Newswire report. North Korea earlier fired another missile over Japan, in a show of defiance to the international community, which recently slapped Pyongyang with sanctions after it conducted a nuclear bomb test earlier in September. Global markets were already subdued, but had seemingly brushed off the latest missile launch from North Korea, the newswire said. Despite rand weakness this week, bonds had continued to find support, and could be expected to trade in narrow ranges into the weekend, analysts said. Sasfin Securities bonds analysts said while local current-account data came in worse than expected on Thursday, it had no discernible effect on yields, but marked the beginning of the rand weakness, ...
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