SA bonds — shaken, not stirred

South African government debt hasn’t dodged the global sell-off in bond markets, especially among its emerging-market peers. But that means the time may be ripe for buyers to pick up some bargains.

Since the US Fed started tightening monetary policy by buying less US government debt (Treasuries) and sharply raising borrowing costs, investors have ditched higher-risk emerging-market bonds for their safer peers in the developed world…