Why South African bonds are exploding – and Moody’s may not matter much anymore

2020-03-23 16:30

The yields on South African 10-year bonds have spiked to above 12% - and there's now a record-large gap between SA and US yields.

Expect the unexpected

2019-12-09 09:07

If 2019 taught us one thing, it’s that a hiccup can occur where it is least expected.

Rand rallies with bonds as SA dodges Moody's downgrade

2019-11-04 18:54

The rand climbed and government bonds gained the most in 20 months after South Africa clung to its last investment-grade credit rating.

Union wants government pension fund to sell Eskom bonds

2019-06-02 12:00

The Government Employees Pension Fund, managed by the PIC, holds R54.8bn of Eskom bonds, or 16.8% of all the debt outstanding, more than five times the next-biggest holder.

Foreign holdings of SA debt lowest in nearly two years

2019-01-17 14:32

Foreign ownership of South African government debt is declining, but that’s not necessarily a bad thing.

‘If you want to worry about something, this is it’: Central banks and investors are warning about the $1 trillion boom in 'leveraged loans'

2018-10-19 11:10

The BoE is not alone in being alarmed. Australia’s central bank and the Bank of International Settlements have also noted the soaring use of leveraged loans, which now stand at more than $1 trillion.

Why Eskom bonds should be considered government debt

2018-09-15 07:45

If all R268bn of guaranteed debt landed on the government’s balance sheet, it could raise SA's debt to GDP towards 70%, not the 53% disclosed by the government for 2017, says Nick Smith-Saville.

A R2.1 billion corruption scandal in Argentina is roiling its financial markets

2018-08-09 07:49

Just as Argentina looked poised for a shot at economic recovery, a corruption scandal is roiling the embattled country.

Eskom's return to international markets may come at a premium

2018-07-27 19:08

It won’t be a cheap welcome back into international debt markets for Eskom, says a prominent SA asset manager.

Market rout sends African assets from the rand to bonds reeling

2018-06-29 07:30

The emerging-market sell-off is taking a heavy toll on Africa, with the continent’s bonds and stocks taking a hammering more than those in most other regions.


The gold price in rand has surged to a record high as coronavirus panic hits shares

2020-03-06 17:16

Markets have been roiled by the coronavirus outbreak that originated in Wuhan, China.

What, me worry? Eskom's ironclad government guarantee explained

2019-11-13 20:12

Eskom’s bonds, rated deep junk, are the gift that keeps on giving.

Rhinos come to the bond market, and other species may follow

2019-07-18 07:58

The planned sale of a rhino impact bond is seen by its backers as a test for the creation of a conservation debt market that could be used for everything from protecting species facing extinction to preserving wildlife areas.

China just tested its 'nuclear option' in the trade war

2019-05-23 19:40

China's 'nuclear option' in the trade war is dumping US Treasurys. It just sold $20 billion of them, its largest offloading in more than two years.

Corporate debt crises could come faster and harder in 2019

2018-12-20 20:59

At first glance, 2019 might look like a quiet year for distressed-debt investors, judging by the small list of troubled bonds coming due - but the light schedule could be deceptive.

A spike in 10-year US Treasury yields could trigger a financial crisis to rival the Great Depression

2018-09-17 18:26

The next bear market in the United States is likely to be caused by a spike in 10-year Treasury yields.

Orders jump at SA bond sale as investors see value

2018-08-14 20:35

South Africa just had its strongest bond auction since March, a sign investors see value in the country’s debt after a sell-off sparked by Turkey’s currency woes.

Bonds vs. equities: What value do they add to an investment portfolio?

2018-08-07 19:40

Asset managers often disagree, but they agree on one thing: Investors must invest over the long-term.

Foreign money is trickling back into SA's bond market

2018-07-24 06:43

After nearly three months of unabated selling, foreign investors are making a cautious return to South Africa’s bond market.

Bond flight from SA spurs warning of worse to come

2018-06-26 07:53

Foreign investors’ holdings of South African bonds have dropped to the lowest level in over a year following a record sell-off since the beginning of May, and a senior Treasury official says there could be worse to come.

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