MAR­KETS

Weekend Witness - - Money -

YIELDS on South African gov­ern­ment bonds fell to four-month lows be­fore the four-year bond gave up its price gains and ended softer while the 15-year pa­per re­mained sup­ported to the off­i­cal JSE close.

The rand came off ear­lier highs to end weaker against the dol­lar and stocks also ended lower, led by African Bank ahead of its first-half re­sults on Mon­day, while euro zone debt wor­ries knocked over­all sen­ti­ment.

Bonds gained dur­ing the session, helped by softer-than-fore­cast in­fla­tion data from ear­lier in the week, which has the mar­ket think­ing in­ter­est rates will be kept lower for longer, and con­tin­ued off­shore in­ter­est in lo­cal debt. The yield on the four-year bond ended the week slightly higher, adding 1 ba­sis point to 7.55%, while that on the 15-year debt fell 3,5 ba­sis points to 8,465%.

The rand traded at a session low of 6,94 to the dol­lar, off a close of 6,8655 on Thurs­day.

— Reuters.

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