Demand Soars at South Africa Bond Sale as Risk Mood Lifts
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Investor demand at South Africa’s weekly government bond sale more than doubled as risk appetite improved globally after the US and China reached a deal to temporarily lower tariffs.
Primary dealers placed orders for 14.86 billion rand ($806 million) of debt, almost four times the 3.75 billion rand of securities on sale Tuesday, according to central bank data compiled by Bloomberg.