JOHANNESBURG, April 17 (Reuters) – Yields on South Africa’s
government bonds dropped to a session low after a
better-than-expected sale of Spanish Treasury bills eased
worries about the stability of the euro zone.
The yield on South Africa’s benchmark three-year note
dropped 12 basis points to 6.60 percent while that on
the 2026 issue fell 12.5 basis points to 8.31 percent.
The rand erased nearly all of its earlier losses,
firming to 7.8831 against the dollar, compared to a 7.93 close
on Monday in New York.
(Reporting by Xola Potelwa; Editing by Jon Herskovitz)
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