Attractive SA bond yields make for lively government auction
With only three more government bond auctions remaining in 2019, investors have found it hard to resist yields bettered only by Turkey, Nigeria and Lebanon among emerging-market peers
26 November 2019 - 17:29
Demand at the weekly government bond auction surged as investors stocked up on some of the most attractive yields in emerging markets before supply dries up into the year-end.
Investors bid for almost four times the amount of securities on offer, making it the strongest sale since the government increased the auction amount to R4.53bn on August 6, according to Bloomberg calculations based on central-bank data...
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