SA bonds bounced back from record lows after the Reserve Bank announced liquidity measures to ease the effects of the coronavirus in local markets, including a plan to buy government bonds.
The yield on the 2030 government bond fell 83 basis points to 11.59% on Wednesday, having surged to 12.38% on March 24, from a 2020 low of 8.68% reached in February. Yields move inversely to prices and the surge of the past two weeks was seen as an indication of dislocation in the market as sellers struggled to find buyers.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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Market data — March 24 2020Market data including bonds, unit trusts and fuel prices
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Market data — March 24 2020Market data including bonds, unit trusts and fuel prices
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US stocks surge as Congress nears deal on US stimulusDow Jones Industrial Average up over 9% for the first time since 2008 while dollar halts its 10-day rally
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