Investor sentiment towards emerging markets soured, with political turmoil in
The rand found little relief from higher-than-expected inflation data, which showed consumer prices in the country rising at their fastest rate in four months and very near the upper end of the central bank's target range of between 3 percent and 6 percent.
Analysts have said the soft rand would drive the consumer price basket past 6 percent in a few months.
"The central bank used the likely pass-through effect of the weak rand on consumer prices to justify its surprise decision to hike interest rates in January,"
The yield on the benchmark R186 bond, due in 2026, was unchanged at 8.58 percent. The yield on the shorter-dated R157 bond rose 6 basis points to 7.2 percent.
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