Business & Finance

South African bonds weaken in broader risk aversion

Published February 8, 2016 Updated February 8, 2016 12:59pm

1 min

By Shoaib Ur Rehman

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JOHANNESBURG: South African bond yields rose on Monday, ending a recent rally as new data over the weekend showed China's foreign reserves fell, adding to worries over the growth of the world's second largest economy.

Th benchmark paper due in 2026 added 10 points to 9.270 by 1117 GMT.

Market analyst Ricardo Da Camara at ETM Analytics said government bonds were tracking the rand currency after it gave up its gains due to a risk averse environment.

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