# UPDATE 2-South African rand slumps on surging US Treasury yields

> The rand weakened about 1.4% on Tuesday to 19.03 per dollar as surging US Treasury yields drove investors away from risk assets. South African bond yields also rose, with the 2030 bond up 12 basis points.

- Date: 2023-09-26 · published 2023-09-26T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/34404-update-2-south-african-rand-slumps-on-surging-us-treasury-yields
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand raises the rand cost of imported feed ingredients for South African livestock and poultry producers, while global feed prices are largely unaffected.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/1-south-african-rand-slumps-121326242.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.