MARKET WRAP: JSE snaps six-day rally; rand unmoved by Sona
SA’s R2030 government bond firmed on the day, with the yield falling eight basis points to 8.47%
BL PREMIUM
11 February 2021 – 18:54
UPDATED 21 February 2021 – 20:34
The rand remained firmer, but was little changed from earlier levels following the state of the nation address (Sona) by President Cyril Ramaphosa.
The rand reached an almost six-week intraday high following dovish comments by US Federal Reserve chair Jerome Powell on Wednesday, which maintained investor appetite for higher yielding assets…
Source: businesslive.co.za
