EDITORIAL: Bonds not good news for ANC
The bond markets are looking for concrete actions to arrest SA's economic malaise
02 October 2019 - 05:10
The idea of a currency being equivalent to a country’s stock price is perhaps too simplistic. Many factors determine movements in currencies and it doesn’t always follow that an outperforming economy should necessarily mean that the currency does the same.
Take Japan: in good times, the opposite often happens, as good news on the economic front gives consumers and companies the confidence to search for higher-yielding assets elsewhere instead of parking their cash in the bond market and its negative returns, which is what they do when they feel less confident...
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