South African bonds were slightly weaker in Tuesday morning, with investors focused on central bank announcements taking place during the course of the week. US Federal Reserve is expected to make its much-anticipated rate announcement on Wednesday. A 25 basis point rate increase by the Fed has already been priced in by the market, so investors are more eager to hear what the Fed’s interest-rate plans are for 2018. Analysts said the yield environment could be expected to trade in a narrow range ahead of the Fed’s announcement. TreasuryOne dealer Andre Botha said the Fed’s rate increase could be the worst kept secret in the world. "We could see some volatility around this event should the Fed decide to turn overly bearish or hawkish." The Bank of England (BoE) and European Central Bank (ECB) are set to make policy announcements of their latest meetings on Thursday. Political noise is likely to affect rand and bond movements as the ANC elective conference draws near. At 9.08am the ben...
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