Actual
8.4700
Daily Change
-0.0750
Monthly
-0.05%
Yearly
-1.16%
Q3 Forecast
8.3977
South Africa 10-Year Government Bond Yield - Summary

South Africa's 10-year government bond yield fell to around 8.47%, near the lowest since July 10, as traders continued to assess the outlook for inflation and interest rates. A weaker-than-expected US employment data reduced expectations of Fed rate hikes, encouraging investors to rotate into higher-yielding emerging-market debt. Meanwhile, uncertainties persisted regarding a potential US-Iran deal to fully reopen the Strait of Hormuz, keeping concerns over energy supplies alive. Domestically, the South African Reserve Bank unexpectedly left its repo rate steady at 7% on July 23rd in a split vote, surprising markets that had anticipated a rate hike. The decision reflected policymakers' efforts to balance persistent inflationary pressures against subdued domestic economic growth amid heightened geopolitical tensions. Despite leaving rates unchanged, the SARB maintained a hawkish stance, suggesting that at least one more rate hike remains likely this year, possibly as soon as September.

South Africa 10-Year Government Bond Yield - Stats

The yield on South Africa 10Y Bond Yield eased to 8.47% on August 7, 2026, marking a 0.08 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.05 points and is 1.16 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the South Africa 10-Year Government Bond Yield reached an all time high of 20.69 in August of 1998. South Africa 10-Year Government Bond Yield - data, forecasts, historical chart - was last updated on August 9 of 2026.

South Africa 10-Year Government Bond Yield - Forecast

The yield on South Africa 10Y Bond Yield eased to 8.47% on August 7, 2026, marking a 0.08 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.05 points and is 1.16 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. The South Africa 10-Year Government Bond Yield is expected to trade at 8.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 7.99 in 12 months time.



Bonds Yield Day Month Year Date
South Africa 10Y 8.47 -0.075% -0.045% -1.160% Aug/07
South Africa 20Y 9.07 -0.075% 0.045% -1.770% Aug/07
South Africa 30Y 8.96 -0.080% 0.045% -1.780% Aug/07
South Africa 3M 6.68 0% 0.050% -0.080% Aug/07
South Africa 5Y 7.87 -0.080% -0.130% -0.280% Aug/07



Related Last Previous Unit Reference
South Africa Inflation Rate 5.00 4.50 percent Jun 2026
South Africa Interest Rate 7.00 7.00 percent Jul 2026
South Africa Unemployment Rate 32.70 31.40 percent Mar 2026

South Africa 10-Year Government Bond Yield
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Actual Previous Highest Lowest Dates Unit Frequency
8.47 8.55 20.69 5.75 1995 - 2026 percent Daily

News Stream
South Africa 10-Year Bond Yield Eases
South Africa's 10-year government bond yield fell to around 8.47%, near the lowest since July 10, as traders continued to assess the outlook for inflation and interest rates. A weaker-than-expected US employment data reduced expectations of Fed rate hikes, encouraging investors to rotate into higher-yielding emerging-market debt. Meanwhile, uncertainties persisted regarding a potential US-Iran deal to fully reopen the Strait of Hormuz, keeping concerns over energy supplies alive. Domestically, the South African Reserve Bank unexpectedly left its repo rate steady at 7% on July 23rd in a split vote, surprising markets that had anticipated a rate hike. The decision reflected policymakers' efforts to balance persistent inflationary pressures against subdued domestic economic growth amid heightened geopolitical tensions. Despite leaving rates unchanged, the SARB maintained a hawkish stance, suggesting that at least one more rate hike remains likely this year, possibly as soon as September.
2026-08-07
South Africa 10-Year Bond Yield Inches Up
South Africa's 10-year government bond yield rose to around 8.55%, up from a near four-week low of 8.47% hit on August 5, as traders assessed the chances of a potential US-Iran agreement and its implications on inflation and interest rates. Markets doubt the US and Iran will reach a lasting deal soon to reopen the Strait of Hormuz, keeping upward pressure on energy prices and reinforcing inflation concerns. Domestically, the South African Reserve Bank (SARB) kept its repo rate at 7.00% last month, citing weak economic growth while acknowledging persistent inflation risks that leave the door open to a 25-basis-point hike later this year. The annual inflation accelerated to 5.0% in June, the highest in two years, from 4.5% in May, driven mainly by higher fuel costs. The central bank expects headline inflation to remain above 4.0% until early next year, staying above its 3.0% target
2026-08-06
South Africa's Bond Yield Falls
South Africa's 10-year government bond yield eased further to around 8.50%, its lowest level since mid-July, as hopes for a diplomatic resolution to the Iran-US conflict eased inflation concerns and dampened expectations of potential interest rate hikes. US President Donald Trump announced that fresh talks with Iran would begin soon, easing fears of a broader Middle East war and boosting global risk sentiment. On the domestic front, July PMI data showed South Africa's manufacturing sector contracted further, weighed down by weak export demand and lingering geopolitical uncertainty. Last month, the South African Reserve Bank unexpectedly left its benchmark interest rate unchanged, defying expectations of a 25-basis-point increase. Meanwhile, annual inflation accelerated to 5.0% in June, the highest in two years, while core inflation rose to 4.1%, its strongest reading since September 2024. Both measures remain above the upper end of the SARB's 3% ±1 percentage point target range.
2026-08-03