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The US Fed is scheduled to make its decision on Wednesday, with speculation that it will keep rates unchanged despite mounting pressure from US President Donald Trump for rate cuts. “Markets have priced in two interest rate cuts this year. There could be a knee-jerk reaction to any movement by the Fed and we could see the rand trading a bit stronger following and rate cut,” Botha said.
The benchmark R186 government bond was weaker, with its yield rising one basis points to 8.365%. Bond yields move inversely to bond prices.
Source: Loan Digest (loandigest.net)
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