South Africa 10-Year Government Bond Yield

South Africa 10-Year Government Bond Yield fell by 0.015% on Friday October 24, trading at 8.92% with a weekly loss of 0.11% and monthly loss of 0.21%. The South African Reserve Bank maintained its benchmark interest rate at 7%, signaling a cautious stance due to global uncertainty and rising inflation which is expected to average 3.4% in 2025. This decision provided a stable, albeit cautious, backdrop for bond yields. The potential removal from the FATF 'grey list' is viewed as a medium to long-term positive for the rand, reducing perceived risk and indirectly supporting bond yields. Declining inflation expectations with break-even rates projecting price increases within the central bank's target range for two decades, fueled a bond rally and contributed to a fall in yields. Its 52-week high was 11.275 %, while its 52-week low was 8.855 %.