(Bloomberg) -- South African government bonds fell by
the most in almost a year, a day after the central bank increased
interest rates, and as higher yields in developed markets prompted
investors to reduce emerging market holdings.
Benchmark five-year yields rose to a 2 1/2-year high as
foreign investors sold 1.3 billion rand ($178 million) more of the
country's bonds than they bought yesterday, reversing net
purchases of 313 million rand a day earlier, according to data
published by the nation's bond exchange. Emerging market bonds
fell as Treasury yields near the highest in 11 months eroded their
appeal to investors.
Read more at Bloomberg Bonds News
the most in almost a year, a day after the central bank increased
interest rates, and as higher yields in developed markets prompted
investors to reduce emerging market holdings.
Benchmark five-year yields rose to a 2 1/2-year high as
foreign investors sold 1.3 billion rand ($178 million) more of the
country's bonds than they bought yesterday, reversing net
purchases of 313 million rand a day earlier, according to data
published by the nation's bond exchange. Emerging market bonds
fell as Treasury yields near the highest in 11 months eroded their
appeal to investors.
Read more at Bloomberg Bonds News
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