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.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Quilter reports jump in profit despite global market turmoilThe assets under management and administration of Old Mutual’s former wealth management unit fell more than 10% in 2022
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »