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The rand slumped for a fourth day to a ten-week low against the dollar, and 2026 bond yields rose to five-month highs. The selloff in global government bonds was driven by expectations that Trump's spending plans would lift inflation and US rates.
Foreign investors sold R9.9 billion of South African bonds in the prior week.
A weaker rand and higher local yields raise the cost of dollar-priced feed imports for South African buyers. The global bond selloff points to tighter emerging-market financing.
moneyweb.co.zaXola Potelwa, BloombergNov 14, 2016Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
