The yield on South Africa 10Y Bond Yield eased to 8.06% on February 6, 2026, marking a 0.03 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.24 points and is 2.36 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 February 8 of 2026.

The South Africa 10-Year Government Bond Yield is expected to trade at 8.02 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 7.79 in 12 months time.



Bonds Yield Day Month Year Date
South Africa 10Y 8.06 -0.025% -0.235% -2.355% Feb/06
South Africa 20Y 8.82 -0.090% -0.475% -2.530% Feb/06
South Africa 30Y 8.69 -0.070% -0.380% -2.570% Feb/06
South Africa 3M 6.23 0.120% 0% -1.420% Feb/06
South Africa 5Y 7.18 -0.050% -0.220% -1.870% Feb/06



Related Last Previous Unit Reference
South Africa Inflation Rate 3.60 3.50 percent Dec 2025
South Africa Interest Rate 6.75 6.75 percent Jan 2026
South Africa Unemployment Rate 31.90 33.20 percent Sep 2025

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
8.06 8.08 20.69 5.75 1995 - 2026 percent Daily

News Stream
South Africa 10-Year Bond Yield Hovers Near 2018-Lows
South Africa’s 10-year government bond yield traded just below 8%, holding close to the lowest since March 2018, as ongoing optimism over the country’s economic fundamentals continues to attract foreign investors. Positive factors supporting the outlook remain in place, including structural reforms, fiscal discipline, a credible central bank, stable government, a favorable currency, and high real interest rates. Strong metals prices and low oil costs further underpin the economy, driving favorable terms of trade that enhance the government’s fiscal position and ease inflationary pressures. While GDP growth remains modest, it is moving steadily in a positive direction, with the central bank projecting growth of 1.4% this year and approaching 2% over the medium term.
2026-02-03
South Africa 10-Year Bond Yield Hits 2018-Lows
South Africa’s 10-year government bond yield continued to fall to just below 8%, reaching the lowest since March 2018, as investors maintain strong interest in the country's assets. On the monetary policy front, the South African Reserve Bank kept its repo rate steady at 6.75% during its first meeting of 2026, weighing benign inflation against global geopolitical uncertainty. Still, most economists anticipate further easing this year, potentially beginning in March, with forecasts pointing to at least 50 basis points of cuts in 2026. The strong performance of South African assets last year has carried into this year, helped by a series of positive developments, including stronger fiscal position and modest growth prospects compared to recent years. Business confidence has also been supported by improved electricity supply, more efficient logistics, and the resilience of the GNU. The country also benefits from its relative insulation from geopolitical tensions.
2026-01-29
South Africa 10-Year Bond Yield Hits Fresh 2019-Low
South Africa’s 10-year government bond yield eased further to near 8%, approaching the lowest since July 2019, reflecting improved sentiment toward the country’s assets amid recent positive developments. These include a stronger fiscal position, political stability and modest growth prospects compared to recent years. The head of the National Treasury said South Africa’s budget will show government debt stabilizing relative to GDP for the first time in nearly 20 years, alongside a third consecutive primary surplus that supports fiscal credibility. Moreover, South Africa now has a formal inflation target centered around 3%, with inflation currently sitting at relatively low levels. Attention now turns to the South African Reserve Bank’s policy decision on January 29, with analysts divided on the outcome. While there is scope for easing given a favorable inflation outlook and a stronger currency, the consensus favors holding rates steady at 6.75%.
2026-01-26