South Africa’s 10-year government bond yield fell to near 9.60%, its lowest since late January, as traders assessed the latest policy decision by the country's central bank and awaited developments on trade negotiations with the US. The South African Reserve Bank's Monetary Policy Committee (MPC) has decided to reduce the repo rate by 25 basis points to 7% given a backdrop of a stable inflationary environment, despite global uncertainties. June’s CPI rose to 3% from 2.8% in May, re-entering the SARB’s target range for the first time in three months but staying well below last year’s 5.2%. While maintaining the 3–6% inflation target, the MPC will now use 3% as the anchor for its forecasts, Governor Kganyago said. Meanwhile, South Africa hopes to negotiate a lower levy than the 30% already allocated by President Trump, with a deadline to strike a deal by August 1st. The country has been engaged in discussions with the US since May.
The yield on South Africa 10Y Bond Yield eased to 9.62% on July 31, 2025, marking a 0.19 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.22 points, though it remains 0.28 points higher 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 July 31 of 2025.
The yield on South Africa 10Y Bond Yield eased to 9.62% on July 31, 2025, marking a 0.19 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.22 points, though it remains 0.28 points higher 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 9.73 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 9.41 in 12 months time.