SA government bond prices firmed, with the yield on R2030 securities falling 3.5 basis points to 8.71%The rand hardly moved after the release of GDP data for the first quarter, which showed the SA economy grew at a faster rate than expected.
Seasonally adjusted and annualised GDP rose 4.6% in the three months to end-March compared with the previous quarter, Stats SA said on Tuesday, better than the 3.2% expansion predicted in the median estimate of 16 economists surveyed by Bloomberg...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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