South Africa Bond Market (Quarterly Report)

A quarterly overview of the movement of capital market yields, prices and returns and of bond market yield spreads. Returns on bonds are shown in comparison with equity and cash returns. Recent bond trading statistics are provided along with a breakdown of the issuers and ownership of South African bonds.


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South Africa Bond Market (Quarterly Report) - February 2017

Bond market returns over the past five years averaged 7.4%.

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South Africa Bond Market (Quarterly Report) - November 2016

SA real bond returns have mostly been lower than SA equity returns measured over 10-year rolling periods.

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South Africa Bond Market (Quarterly Report) - August 2016

Over the five-year period that ended July 2016, South African equities outperformed bonds by 6.4 percentage points.

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South Africa Bond Market (Quarterly Report) - February 2016

Ratings agencies have been downgrading SA’s sovereign risk rating which has negatively affected SA bonds.

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South Africa Bond Market (Quarterly Report) - October 2015

SA bond yields in real terms (i.e.

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South Africa Bond Market (Quarterly Report) - July 2015

Ratings agencies have been downgrading SA's sovereign risk rating which has negatively affected SA bonds.

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South Africa Bond Market (Quarterly Report) - April 2015

Bond yields have generally drifted lower between mid-2014 and the first quarter of 2015, with the ALBI return spiking at 21% in January this year.

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South Africa Bond Market (Quarterly Report) – January 2015

In early 2014, the local bond market experienced another bout of weakness with investors getting uneasy with the higher levels of government borrowing and debt relative to economic growth.

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