South African Bonds Hold Near Six-Month Low on Speculation Rates Will Rise

(Bloomberg) -- South African bonds traded near their
lowest in six months on speculation the central bank will attempt
to contain inflation by raising interest rates this week.

The yield on the benchmark note due 2015 has risen 36 basis
points in the past four days as investors sold the bonds after a
report showed inflation above target. Foreign investors sold 4
billion rand ($559 million) more of the country's bonds than they
bought last week, adding to net sales of 4.4 billion rand in the
week through May 25.


Read more at Bloomberg Bonds News