South African government bonds staged a relatively stronger recovery on Wednesday morning, suggesting that investors were taking advantage of the higher yields on offer.The yield on the benchmark R186 bond was at 8.325% in early trade, pulling back from 8.475%, which marked its highest point since late January, according to the Iress data.The local fixed-income market was caught up in the sell-off of emerging markets assets on Tuesday, which resulted in a much weaker rand, before it subsequently stabilised.The improvement in yields came as the Treasury announced that it had successfully placed $2bn worth of notes in international markets, maturing in 2030 and 2048, respectively.The transaction was more than 1.7 times oversubscribed in aggregate with investor demand from across all the major financial centres in the US, Europe, the UK, Middle East and Asia, the Treasury said in a statement.The US government bond rates were also relatively stable in early trade, after a rise in yields...
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