Wednesday, 20 June 2012 00:28
JOHANNESBURG: Yields on South African government bonds dropped to multi-month lows on Tuesday, extending a three-week rally as investors returned to riskier emerging market assets and helped push the rand though a firm resistance level against the dollar.
The three-year bond yield dropped to a record 6.05 percent while the yield on the 14-year issue hit an eight-month low of 8.02 percent.
"The whole market has got a little bit excited. This has all been foreign-driven. We've ...