South Africa’s 10Y government bond yield has reached its highest level since August 22, aligning with rising US treasury yields after solid US economic data. South Africa’s central bank will likely maintain its repo rate at 8.25% in its upcoming meeting on September 21, to counteract the impact of fuel price inflation. The country’s annual inflation rate decreased to 4.7% in July, remaining within the central bank’s target range of 3% to 6%.