Rand steadies after losses, bonds gain-continued

March 23, 2012--The rand was on track for its biggest weekly loss since mid-December on Friday as the local market scales back expectations of higher domestic rates this year.
Government bonds strengthened further, pushing yields lower, after consumer inflation came in less than expected this week, suggesting the Reserve Bank will have leeway to keep rates at their lowest level in 30 years for longer.

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Source: FIN24

AFRICA ETP News
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