The yield on the South African 10-year bond climbed to a 26-month high of 10.505%, with investors retreating from borrowing debt as the perceived risk of the country increased amid ongoing power outages implemented by state-owned power utility Eskom. The company's credit risk is soaring after a standoff over wage negotiations forced the implementation of the worst power cuts since 2019 to prevent a total collapse of the grid. Additionally, policymakers from major central banks reaffirmed their commitment to control inflation even at the risk of an economic downturn. Domestically, the South African Reserve Bank in its annual report released on June 27th has given the strongest indication yet that it will continue aggressively hiking interest rates in a bid to maintain price stability in the country. Economists are expecting the South African Reserve Bank to raise rates further between 50 and 75 basis points in July, and another 25 basis points hike in September.

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 July of 2022.

The South Africa Government Bond 10Y is expected to trade at 10.54 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 10.91 in 12 months time.

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South Africa Government Bond 10Y

Bonds Yield Day Month Year
South Africa 10Y 10.43 -0.130% 0.570% 1.495%
South Africa 20Y 11.52 -0.095% 0.510% 1.005%
South Africa 2Y 6.36 0.455% 0.810% 1.005%
South Africa 30Y 11.46 -0.095% 0.475% 0.980%
South Africa 3M 5.90 0.050% 0.150% 1.780%
South Africa 5Y 8.78 -0.095% 0.510% 1.255%

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
10.43 10.56 20.69 5.75 1997 - 2022 percent Daily