MARKET WRAP: Rand fails to react to promising GDP data
SA government bond prices firmed, with the yield on R2030 securities falling 3.5 basis points to 8.71%
BL PREMIUM
08 June 2021 – 19:25
The rand hardly moved after the release of GDP data for the first quarter, which showed the SA economy grew at a faster rate than expected.
Seasonally adjusted and annualised GDP rose 4.6% in the three months to end-March compared with the previous quarter, Stats SA said on Tuesday, better than the 3.2% expansion predicted in the median estimate of 16 economists surveyed by Bloomberg…
Source: businesslive.co.za