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Bonds slide

Johannesburg - Government bonds weakened sharply on Tuesday, hit by a sell-off in emerging markets and by investors switching from expectations of a domestic rate cut to an increase some time this year.

The yield for the 2026 paper, which the secondary market uses as a benchmark, surged 31 basis points to 8.575% while the shorter-dated 2015 paper jumped 23 basis points to 6.54%.

  
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Rand - Dollar
19.21
-0.5%
Rand - Pound
23.95
-0.7%
Rand - Euro
20.56
-0.5%
Rand - Aus dollar
12.48
-0.7%
Rand - Yen
0.12
-0.2%
Platinum
912.40
-0.8%
Palladium
1,005.00
-2.1%
Gold
2,314.58
-0.3%
Silver
27.17
-0.5%
Brent-ruolie
88.42
+1.6%
Top 40
68,574
+0.8%
All Share
74,514
+0.7%
Resource 10
60,444
+1.4%
Industrial 25
104,013
+1.2%
Financial 15
15,837
-0.4%
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