JOHANNESBURG Jan 26 (Reuters) – South Africa’s rand
touched a near 3-month high against the dollar and government
bonds extended gains, tracking a global market rally as
favourable U.S. jobs data boosted risk appetite.
The rand was up 1.2 percent at 7.79/dollar by 1348 GMT after
briefly touching 7.78, its strongest level since Oct. 31.
The yield on the 2015 bond fell as much as 19
basis points to a two-month low of 6.47 percent while that for
the 2026 bond was down 15.5 basis points at 8.22
percent.
(Reporting by Stella Mapenzauswa and Xola Potelwa)
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