Silver lining in bond blowout
The yields on longer dated South African debt may be as good as it gets, anywhere in the world. But the risks are legion
18 May 2023 - 05:00
The blowout in South African government bond yields in reaction to the Lady R fiasco has staggered even hardened money managers.
Yields on bonds with a maturity longer than 12 years hit 12.5% last week, thanks to “our friend Eskom, and the government’s handling of the Russia issue”, says Granate Asset Management’s Bronwyn Blood...
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