Thursday, June 7, 2007

S.Africa government bonds weaken on US treasuries sell-off

(Reuters) - South African government bonds weakened sharply in early trade in Johannesburg, in line with a softer rand currency and a U.S treasuries sell-off overnight, traders said.

Yields on the most-active 2010 issue were last 12.5 basis points higher at 8.775 percent, after jumping 16 basis points earlier, while those on the benchmark paper due in 2015 added 13 basis points to 8.25 percent.


Read more at Reuters Africa

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