The South African bond yields edged up on Friday morning as the rand dipped back towards R14 to the handle. The yield on the R186 bond was at 8.820% in early trade, from Thursday’s 8.770%. Sasfin Securities’ head of fixed-income dealing, Ashley Dickinson, said bonds had held up reasonably well given the political risks and uncertainty associated with the fraud charges against Finance Minister Pravin Gordhan. "Barring any untoward interim shocks, the debt market is likely to trend sideways going into the medium-term budget policy statement next week," Dickinson said. Government bond yields in some of the developed markets were mostly higher on Friday morning, with the benchmark US treasury note yielding 1.7454%, from 1.7443%.
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