The blowout in South African government bond yields in reaction to the Lady R fiasco has staggered even hardened money managers.
Yields on bonds with a maturity longer than 12 years hit 12.5% last week, thanks to “our friend Eskom, and the government’s handling of the Russia issue”, says Granate Asset Management’s Bronwyn Blood...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: