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How did bond funds perform during March?

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One within the significant market impacts of last month’s cabinet reshuffle would be a a pointy rise in local bond yields. During a week, yields on 10-year government bonds rose by over 0.7%.

Just days before Pravin Gordhan was recalled on the international investor roadshow in the uk, 10-year government bonds were trading on yields of 8.275%. It was budget friendly they had been since October 2015, just 2 months before Nhlanhla Nene was removed as finance minister.

However, during the Ten days to come that low point a few weeks ago, yields jumped on three consecutive shocks

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