South Africa on verge of being removed from global bond index after S&P downgrade

 S&P downgraded South Africa’s long-term foreign currency debt by one notch to ‘BB’ and its local debt by a notch to ‘BB+’, citing a deterioration of the country’s public finances on account of weak GDP growth. Source: Moneycontrol On Friday, Africa’s most industrialised country got a harsh reality check from the financial world. Rating agency…

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Global Bond Market Finds Bright Spot in Canada

As foreign investors seek opportunities in fixed income, Canada is an attractive prospect. Source: Wealth Professional One man’s loss is another’s gain, as they say. And as the current situation in the bond market shows, the maxim applies equally to entire countries and markets. According to an economic analysis by Warren Lovely, managing director and head of…

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