Bond

Rand bonds have returned 9.3% in dollar terms this year. Investment case remains compelling, says Vontobel’s Larose.

The outcome of the UK general election did not come as a surprise. Labour’s win seems to have already been ‘priced in’ to bond and stock markets, which means there has been little reaction on either. The same cannot be said for recent parliamentary elections elsewhere in Europe.

An effort by government agencies and large global banks to reduce borrowing costs for African countries has received a boost from a new index that helps investors assess relevant bond prices, executives and officials involved said.

The benchmark 10-year yield was at 6.9748 per cent as of 10:10 a.m. on Monday, close to the key technical level of 6.98 per cent.

Investing in bonds issued by highly rated entities provides a stable income stream and reduced default risk…

While it seems reasonable to continue to sit in cash, incoming data indicate growth and inflation should continue to normalize, and as the Fed reduces interest rates—albeit gradually—this should exert modest downward pressure on interest rates.

Global funds have bought 1-2 year tenor debt for collateral. These tenors have seen flows of $1.5 billion since September.

Investor positioning in U.S. Treasury futures is stretching to extreme - and in some cases, record - levels that are...

Foreign banks bought 600 billion rupees of bonds since June. Lack of supply, improved liquidity are driving demand.