SA bonds draw foreign investor cash
Posted by Moneyweb on 27 June 2014
By Jaco Visser
South African bonds are the favored destination for foreign-investor cash as June draws to a close amid concern the economy is at risk of falling into its second recession in five years.
International investors bought the nation's bonds for five straight days through June 25, while selling equities for six, the longest stretch of sales since January, according to the Johannesburg Stock Exchange. Even with the inflows, rand debt ranked only tenth in dollar terms among 16 emerging markets in the month, returning 0.8%, Bloomberg bond indexes show.
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