Yields mostly down in SA inflation-linked bond auction

South Africa sold R655 million ($38.60 million) of its 2033, 2038 and 2046 inflation-linked bonds, central bank data showed on Friday.

Yields were mostly lower compared to previous auctions.

ZAI2033 bond due 2033 – 1.88% coupon

Auction date:	22/07/22	15/07/22
Allocated (R’bln)	0.065	0.230
Bids received (R’bln)	0.275	0.420
Clearing yield %	4.180	4.210

ZAI2038 bond due 2038 – 2.25% coupon

Auction date:	22/07/22	15/07/22
Allocated (R’bln)	0.085	0.010
Bids received (R’bln)	0.195	0.140
Clearing yield %	4.210	4.230

ZAI2046 bond due 2046 – 2.50% coupon

Auction date:	22/07/22	01/07/22
Allocated (R’bln)	0.505	0.270
Bids received (R’bln)	0.665	0.330
Clearing yield %	4.260	4.080