Global market sentiment has been supported by positive economic data from the US and China this week
02 September 2020 – 11:59
Positive global sentiment due to economic recovery hopes fed into the local bond market on Wednesday morning, with the yield on the 10-year reaching its lowest level in more than a month.
The yield on the R2030 government bond had fallen two basis points to 9.11%, after reaching an intraday low of 9.10% its lowest since July 23. Bond yields move inversely to prices.