# Market rout sends African assets from the rand to bonds reeling - Moneyweb

> African bonds, equities and local debt have underperformed emerging-market peers since March amid a broad emerging-market sell-off that has erased over $1 trillion from developing equity markets this quarter. The selloff was triggered by a strengthening dollar, rising US Treasury yields and escalating US-China trade tensions.

- Date: 2018-06-29 · published 2018-06-29T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/64817-market-rout-sends-african-assets-from-the-rand-to-bonds-reeling-moneyweb
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Capital outflows and a stronger dollar tighten financing and weaken African currencies, which can raise import costs for feed ingredients and slow demand in key importing markets.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-06-21 | [The rand goes from best-performing to worst-performing emerging market currency - Moneyweb](https://feedsoft.ai/events/46874-the-rand-goes-from-best-performing-to-worst-performing-emerging-market-currency.md) | -1.0% | +0.4% |
| DXY | 2018-05-29 | [Rand, stocks tumble as Italian turmoil sparks emerging market retreat - Moneyweb](https://feedsoft.ai/events/65291-rand-stocks-tumble-as-italian-turmoil-sparks-emerging-market-retreat-moneyweb.md) | +0.2% | +1.5% |
| DXY | 2017-09-28 | [What’s behind the rand selloff? - Moneyweb](https://feedsoft.ai/events/69234-what-s-behind-the-rand-selloff-moneyweb.md) | +0.2% | +1.4% |
| DXY | 2022-09-28 | [Bank of England moves to calm bond market rout after tax cut storm](https://feedsoft.ai/events/39828-bank-of-england-moves-to-calm-bond-market-rout-after-tax-cut-storm.md) | -1.8% | -1.5% |
| DXY | 2025-05-08 | [How the Fed’s Hold on Rates Is Affecting Stock, Bond, and Commodity Markets \| Investing.com](https://feedsoft.ai/events/24579-how-the-fed-s-hold-on-rates-is-affecting-stock-bond-and-commodity-markets.md) | +0.5% | -0.9% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/market-rout-sends-african-assets-from-the-rand-to-bonds-reeling/

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