News Formal

BROKERS’ NOTES: Buy SA bonds, sell US stocks

  • 📰 FinancialMail
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Ireland News News

Izak Odendaal, investment strategist at Old Mutual Wealth, on what the smart money is doing

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Huh?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BROKERS’ NOTES: Buy SA bonds, sell US stocksIzak Odendaal, investment strategist at Old Mutual Wealth, on what the smart money is doing
Source: FinancialMail - 🏆 20. / 63 Read more »