South African bonds rallied on Wednesday, 22 October 2026, after the government unveiled plans to cut weekly fixed-rate bond auctions and launch a bond buyback programme, while the rand was little changed following the announcement of two months of fuel-price relief.
- The benchmark 2035 government bond rallied strongly, with its yield falling 14.5 basis points to 8.59%, while the rand was steady at 16.3775 per dollar at 13.50 GMT. [...]