South Africa's dollar bonds fall, CDS rise on Zuma deadlock

06 Feb, 2018

Zuma summoned cabinet ministers to a meeting in Cape Town on Tuesday, eNCA television reported, as pressure builds on the embattled 75-year-old leader to quit.

The 2041 Eurobond issue fell more than 0.7 cents to 109.1 cents, its lowest since mid-December according to Thomson Reuters data.

Five-year credit default swaps rose 5 basis points (bps) from Monday's close to 154 bps, according to IHS Markit data.

 

 

Copyright Reuters, 2018
 

 

 

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