Local bonds traded weaker, with the R186 bid at 8.68% from 8.615%.The US 10-year treasury was last seen at 2.87% from 2.8598%. Nedbank analysts pointing to technical analysis showing that a move above a yield of 2.87% would signal a bear move to 3.03%, but underlining the opinion that the 3.12% top will remain intact. We were joined by Yunus January from Futuregrowth Asset Management on the line for more insight into the activity on that front.
10 Jul 2018
Business · Investing