SA Eurobonds bounce back on S&P reprieve – Zuma, politics ignored for now
Yields on the country’s $2 billion of Eurobonds due Sept. 2025 dropped 8 basis points to 4.63 percent by 4:50 p.m. in London, the lowest since October 28.
Yields on the country’s $2 billion of Eurobonds due Sept. 2025 dropped 8 basis points to 4.63 percent by 4:50 p.m. in London, the lowest since October 28.
Investors are now pricing in a permanent “Zuma” cost for SA assets. They want insurance against him trying another crazy, costly maneuver, says Brian Kantor.