News Formal

MARKET WRAP: Long-term bond yields fall as Bank cuts repo rate

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Argentina Noticias Noticias

Argentina Últimas Noticias,Argentina Titulares

The Reserve Bank has cut the repo rate by 300bps so far in 2020 as Covid-19 brought economic activity almost to a halt

Bond yields at the long end of the curve fell as the Reserve Bank cut the repo rate for a fifth time in 2020 on Thursday.

The yield on the R2030 government bond fell 11 basis points to 9.12%, reaching an intra-day low of 9.06% after the interest-rate announcement, its lowest since June 9; while that of the 30-year bond fell 22bps to 11.30%, reaching an intra-day low of 11.22%, its lowest since July 1. Bond yields move inversely to their prices.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 12. in AR
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

MARKET WRAP: Rand weakens ahead of uncertain interest-rate decisionCannon Asset Managers CE Adrian Saville believes the Bank is likely to lower interest rates by 25 basis points, with a small chance of a 50 bps cut
Fuente: BDliveSA - 🏆 12. / 63 Leer más »