BUY: South African government bonds
South African nominal government debt remains a good buy with 10-year bonds yielding real returns in excess of 3pp. A couple of factors support the outlook for longer-dated government debt. First, the government’s fiscal position is improving as it seems the Treasury is keeping a tight lid on expenditure. Second, the long-term inflation outlook for South Africa is improving. With interest rate increases totalling 3.75% since the end of 2021, the Reserve Bank has kept inflation under control.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
BROKERS’ NOTES: Buy SA bonds, sell US stocksIzak Odendaal, investment strategist at Old Mutual Wealth, on what the smart money is doing Huh?
Herkunft: FinancialMail - 🏆 20. / 63 Weiterlesen »
Herkunft: TheSAnews - 🏆 25. / 59 Weiterlesen »