South Africa’s Virus Rescue Package Has Bond Investors on Run

  • Benchmark yields jump as investors fret over fiscal stimulus
  • Bond-market outflows soar as exit from WGBI draws near

People queue as they wait for a food distribution in Cleveland, near Johannesburg, on April 20.

Photographer: Luca Sola/AFP via Getty Images

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There’s just no let-up for the emerging world’s worst-performing debt.