Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

South Africa Bond Yields Fall Most Since July After Rand Gains

South African government bond yields completed the biggest weekly drop since the end of July as the rand strengthened against the dollar.

Yields on government bonds due December 2026 dropped 15 basis points, or 0.15 percentage point, to 7.14 percent by 7 p.m. in Johannesburg, the lowest since Jan. 15. The rand gained as much as 1 percent to 9.0735 per dollar, its best intraday level since March 11. The currency, which reached a four-year low on March 21 of 9.3666, has declined 6.9 percent this year, the worst of 25 emerging markets tracked by Bloomberg.

Foreign investors bought a net 3.43 billion rand ($377 million) of bonds in the three days through yesterday, according to Bloomberg calculations from Johannesburg Stock Exchange data. The Bank of Japan said it will buy more longer-term government bonds as part of its asset-purchase program than expected, while European Central Bank President Mario Draghi said monetary policy will remain accommodative and the Bank of England said it will continue buying assets.

“The bond market had a nice rally over the last week,” Brigid Taylor, head of institutional sales at Nedbank Group Ltd., said by phone. “When the rand was above 9.30 a dollar we saw lots of foreigners coming in buying shares and bonds. That drove the yields lower.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.