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%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

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.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in BR
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »