# Morgan Stanley warns rand is most vulnerable to US yield rise - Moneyweb

> Morgan Stanley said the rand is the emerging-market currency most vulnerable to rising US Treasury yields, and forecast it could fall about 6% to 15.50 per dollar before the October 24 budget statement. Foreign investors hold about 40% of South Africa's rand-denominated government bonds. The rand had slumped 2% after 10-year US yields reached their highest since 2011.

- Date: 2018-10-04 · published 2018-10-04T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/62832-morgan-stanley-warns-rand-is-most-vulnerable-to-us-yield-rise-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand would raise South African import costs for feed ingredients, while the rising US yields that drive the move also strengthen the dollar globally.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/morgan-stanley-warns-rand-is-most-vulnerable-to-us-yield-rise/

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