MARKET WRAP: Bonds recover some ground after big initial sell-off

The local bond market felt the heat on Tuesday as the US Federal Reserve’s unexpectedly hawkish tone on inflation spooked investors and led to a flood of selling.

Overnight comments by Fed chair Jerome Powell that the central bank was prepared to raise interest rates by half a percentage point at its next meeting if needed, saw the yield on the local benchmark R2030 bond jump as much as 20.5 basis points to 9.86% — the biggest increase since March 8 — before easing to 9.78% by the close of trade...

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

How market state innovations could ease Ukraine’s sufferingThe West could leverage NGOs, global courts and corporate entities to fight Russia in ways nation states can’t
Source: SundayTimesZA - 🏆 47. / 51 Read more »

Market data — March 21 2022Market data including bonds and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »

OPINIONISTA: Needed: A legal route to market for original indigenous custodians of South Africa’s cannabisThe original indigenous custodians of South Africa’s cannabis find themselves unable to derive any kind of financial benefit from its trade. For this to happen, the schedules in both the Medicines Act and the Drugs Act must be amended.
Source: dailymaverick - 🏆 3. / 84 Read more »

OPINIONISTA: Obscure JSE listings requirements rule excludes the public from the public marketSouth Africa’s public market is broken. The number of listed companies has more than halved, with a further 20 already expected to delist in 2022. We need to start fixing it.
Source: dailymaverick - 🏆 3. / 84 Read more »