Thursday, 28 June 2007

S.Africa bonds weaken after PPI data

(Reuters) - South African government bonds weakened on Thursday after data showed producer price inflation quickened to 11.3 percent year-on-year in May, above forecasts.

Yields on the benchmark bond due 2015 were up 5 basis points at 8.52 percent at 1040 GMT compared to Wednesday close and levels just before the data was released, after earlier rising to 8.54 percent. Yields on the 2010 bond were nine basis points higher at 9.135 percent.


Read more at Reuters Africa

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