The Bond Report
WATCH: How the debt market will cope with this week’s busy calendar
13 December 2017 - 08:27
SA bonds were initially fairly mixed on Tuesday, with market turnover subdued ahead of major risk events later this week. They ended the session weaker — the benchmark R186 was bid at 9.25% from Monday’s 9.215%, while the R207 was bid at 8.08% from 8.065%. In the US, bond yields were flat, with analysts saying that the dollar could rise on this week’s expected rate increase and a possibly more hawkish stance from the Fed. US treasuries are expected to continue to trade in a narrow range as investors watched tax reform plans move through Congress. Rhandzo Mukansi from Futuregrowth Asset Management spoke to Business Day TV’s Alishia Seckam about what lies behind the current activity. OR LISTEN TO THE AUDIO:
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