South Africa's 10-year government bond yield fell to 9.975%, its lowest since December 15th 2022, as risk sentiment remains fragile due to the instability in the global financial system despite the rescue of troubled lender Credit Suisse and several actions endorsed by central banks and regulators to shore up investor confidence. Because of the recent distress in the banking system, the Federal Reserve is widely expected to deliver a smaller 25 bps rate hike, while also tackling inflationary pressures. Domestically, the South African Reserve Bank is anticipated to hike its key benchmark rate for the last time in this cycle by 25 basis points on March 30th, in anticipation of slower inflation and a weaker economy.

Historically, the South Africa Government Bond 10Y reached an all time high of 20.69 in August of 1998. South Africa Government Bond 10Y - data, forecasts, historical chart - was last updated on March of 2023.

The South Africa Government Bond 10Y is expected to trade at 10.29 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 10.70 in 12 months time.

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South Africa Government Bond 10Y

Bonds Yield Day Month Year
South Africa 10Y 9.98 -0.060% -0.280% 0.190%
South Africa 20Y 11.66 -0.030% -0.135% 0.860%
South Africa 30Y 11.65 -0.030% -0.085% 0.890%
South Africa 3M 7.95 -0.050% 0.050% 2.390%
South Africa 5Y 8.36 -0.050% -0.285% -0.160%

South Africa Government Bond 10Y
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Actual Previous Highest Lowest Dates Unit Frequency
9.98 10.04 20.69 5.75 1997 - 2023 percent Daily