RSA 10Y bonds

[JayM]

Yikes, biggest single day rise since Zuma installed Des van Rooyen in 2015. Can't really see why it's jumped so much.

 

[Jehosefat]

Looks like someone unloaded a s**tload of them overnight

And the 5 year spiked as well. No change on the short and long end though.

Maybe something to do with SAA or Eskom that hasn't hit the news yet?

 

[Mista_Mobsta]

Looks like they replaced the R186 (previous 10-year benchmark maturing 2026) with the R2030 (new 10-year benchmark maturing 2030)

Bit of a strange thing to do from their side without notice...

 

[Kosmik]

9% with 10 year lockin?

 

[Jehosefat]

9% with 10 year lockin?

You're not locked in though. The bonds are freely traded on the secondary market. Also the 9% is only what you get if you hold it to maturity. If you sell it before then your actual return is whatever the coupons you received are (8% on that particular bond) as well as any price changes.

 

[Gaz{M}]

Our glorious SOE's are borrowing at 9%+. And making losses.

The problem is so simple to see.

 

[JayM]

We are so ****ed.

 

[BBSA]

We are so ****ed.

View attachment 802821

Junk!

 

[JayM]

Junk!

Certainly priced that way already. I don't think bond markets will move much when we get downgraded at the end of March.

 

[Purply]

I highly doubt anyone will get downgraded due to the current market situation, there is blood in the water everywhere.

 

[JayM]

The misery continues...



Prescribed assets here we come.

 

[Gaz{M}]

Earn 12+% return on bonds! Buy buy buy,.,.....