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Johannesburg - South Africa's government bonds gained on Tuesday, after data showed the pace of economic growth in the second quarter slowed more than expected, strengthening the case for an interest rate cut.
The yield on the 2015 bond fell to 6.50% from 6.555% before the GDP data was released at 0930 GMT while the yield on the 2026 bond fell 9.5 basis points to 7.895%.
The rand was trading at 7.0642 against the dollar at 0941 GMT, from 7.07 before the release.
Data showed the GDP growth slowed to 1.3% quarter-on-quarter, from a downwardly revised 4.5% in the first quarter.
Analysts expected GDP at 1.6% quarter-on-quarter.
The yield on the 2015 bond fell to 6.50% from 6.555% before the GDP data was released at 0930 GMT while the yield on the 2026 bond fell 9.5 basis points to 7.895%.
The rand was trading at 7.0642 against the dollar at 0941 GMT, from 7.07 before the release.
Data showed the GDP growth slowed to 1.3% quarter-on-quarter, from a downwardly revised 4.5% in the first quarter.
Analysts expected GDP at 1.6% quarter-on-quarter.
