SA bonds ready for resurrection after a year of horror

Fixed-income analysts say SA bonds are poised for a better year after their horror showing in 2022 as their high yields lure investors back to the security of fixed income while inflation and interest rate expectations are moderating.

With consumer inflation having eased from a 13-year high of 7.8% in July, the Reserve Bank is expected to end its rate-hiking cycle after ramping up borrowing costs to the highest level in more than five years in 2022…