Global bond yields are a threat and an opportunity
Amid sliding global interest rates emerging-market bonds offer good returns for long-term investors
In this time of extreme global market volatility arising from the threat of the Covid-19 pandemic, it would be remiss not to first urge South Africans not to panic — not in their behaviour towards others, not in their buying, and especially not in their investing. We have been through challenging times like these before and have proved that we are capable of overcoming the challenges thrown at us by global events, no matter how unusual.
There is no doubt about the tragic effect the virus is having on the lives of millions of people around the world, or its negative effects on the global economy as well as our own. The ultimate severity of any downturn can be gauged only as events unfold, but hopefully its impact can be mitigated by the measures governments around the world are taking now. Our government has declared a state of disaster to help slow the spread of the virus. At the same time the Reserve Bank implemented aggressive monetary stimulus last week in an attempt to ...
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