Diverging views have emerged among major investment banks regarding the future of South Africa’s local bond markets after a February selloff. Goldman Sachs finds the bonds appealing due to high yields and disinflation prospects. Conversely, JPMorgan Chase and UBS Asset Management exercise caution, deterred by the political uncertainty of upcoming elections and unclear monetary policy directions in both the US and South Africa, noting a significant foreign investor retreat during the recent downturn.