JOHANNESBURG (Reuters) – South Africa’s rand was about track for a 2nd day of gains up against the dollar about Friday, eyeing 8.85 because investors which had available the currency due to a gloomy financial outlook readjust their positions. Government bonds took their cue within the stronger currency, with all the yield found on the heavily-traded benchmark 2026 bond losing 5 basis points to 7.295 percent. The yield for the short-dated paper due inside 2015 was down 3.5 basis points at 5.325 %. The rand traded up 0.85 % at 8.8756 to the dollar by 1552 41 GMT, following ending Thursday’s session inside NY at 8. …
Economy News Headlines – Yahoo! News
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