The yield on South Africa 10Y Bond Yield rose to 9.19% on March 27, 2026, marking a 0.20 percentage points increase from the previous session. Over the past month, the yield has edged up by 1.05 points, though it remains 1.51 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 March 29 of 2026.

The South Africa 10-Year Government Bond Yield is expected to trade at 9.18 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 8.80 in 12 months time.



Bonds Yield Day Month Year Date
South Africa 10Y 9.19 0.195% 1.050% -1.510% Mar/27
South Africa 20Y 9.75 0.205% 0.945% -1.905% Mar/27
South Africa 30Y 9.64 0.200% 0.960% -1.995% Mar/27
South Africa 3M 6.53 0.150% 0.290% -0.970% Mar/27
South Africa 5Y 8.45 0.165% 1.145% -0.695% Mar/27



Related Last Previous Unit Reference
South Africa Inflation Rate 3.00 3.50 percent Feb 2026
South Africa Interest Rate 6.75 6.75 percent Mar 2026
South Africa Unemployment Rate 31.40 31.90 percent Dec 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
9.19 8.99 20.69 5.75 1995 - 2026 percent Daily

News Stream
South Africa 10-Year Bond Yield Hovers Around 5-Month Highs
South Africa’s 10-year bond yield was around 9%, close to the highest since mid-October 2025, reflecting constrained risk appetite amid ongoing geopolitical tensions and the South African Reserve Bank's s more hawkish guidance. The central bank kept the repo rate unchanged at 6.75%, citing heightened global uncertainty following the outbreak of conflict in the Middle East and its impact on inflation and growth. Inflation is now seen higher this year and next while growth projections were kept unchanged. Governor Kganyago said the SARB’s projection model indicates that interest rates are likely to remain unchanged for a longer period, delaying the cuts previously anticipated in January. Policymakers now expect a single rate reduction for the year, down from two, as they remain cautious amid global uncertainties. They also examined two Iran conflict scenarios — a short two-month case and a prolonged one-year case — both pointing toward higher interest rates.
2026-03-26
South Africa 10-Year Bond Yield Edges Up
South Africa’s 10-year bond yield rose to around 9.1%, near the highest since October 2025, reflecting a more cautious sentiment as investors weighed renewed Iran war uncertainty. A fresh wave of strikes and contrary signals from the US and Iran on potential negotiations to end the Middle East Conflict continued to fuel growth and inflation concerns. There are concerns that a prolonged war and higher oil prices could push inflation higher in energy-importing South Africa. At the same time, the country imports most of its fertilizers, making local agriculture vulnerable to global price spikes that could drive up food prices. Attention turns to the upcoming SARB's decision, the second of the year, with a hold widely anticipated amid heightened risks. South Africa’s headline inflation fell for the second consecutive month to 3% in February, reaching the central bank’s new target, but it is expected to rise in the coming months.
2026-03-24
South Africa 10-Year Bond Yield Off 6-Month Highs
South Africa’s 10-year bond yield eased to around 8.9%, down from six-month highs of 9.20% hit on March 20, as global markets calmed after US President Trump claimed that the US and Iran have held “very good and productive conversations” over an end to the conflict. Tensions in the Middle East, particularly the escalating Iran conflict targeting key energy infrastructure, have been driving volatility in energy prices, fueling inflation concerns and dampening expectations for interest rate cuts. South Africa’s headline inflation fell for the second consecutive month to 3% in February, reaching the central bank’s new target. However, this decline should be temporary, as elevated oil prices are expected to increase domestic fuel costs, potentially spilling over into the broader economy and pushing overall inflation higher in the coming months. The South African Reserve Bank meets on March 26 and is expected to keep rates steady amid global economic uncertainties.
2026-03-23