The yield on the R2030 government bond had risen eight basis points to 9.32% 🔒
The rand reached its best level in almost two months on Monday morning, breaking through R17/$ as global markets rallied on positive news regarding a treatment for Covid-19.
The local currency strengthened to as much as R16.97/$ in intraday trade, its best level since July 31. At 10.50am, the rand had firmed 0.98% to R16.9776/$, 0.77% to R20.0755/€ and 0.72% to R22.2585/£. The euro had strengthened 0.26% to $1.1823.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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