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South Africa dollar bonds suffer after finance minister sacked
March 31, 2017 / 6:47 AM / 7 months ago

South Africa dollar bonds suffer after finance minister sacked

LONDON, March 31 (Reuters) - Yields on South Africa’s dollar-denominated sovereign debt rose across the curve on Friday after President Jacob Zuma sacked respected Finance Minister Pravin Gordhan following days of speculation.

The yield on the country’s benchmark 2026 issue jumped 20 basis points to 4.710 percent according to Tradeweb data.

Reporting by Karin Strohecker; editing by Marc Jones

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