South Africa Government Bond Yields (USD)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/usd-government-south-africa-south-africa
South Africa Government Bond Yields (USD) as of 2026-10-26: 10Y at 6.77%, fitted curve 12M–30Y (5.30%–7.85%), 16 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 12M | 5.30% | — |
| 2Y | 5.53% | 5.86% |
| 3Y | 5.67% | 6.06% |
| 4Y | 5.82% | 6.41% |
| 5Y | 5.97% | 6.80% |
| 10Y | 6.77% | 8.13% |
| 15Y | 7.37% | 9.88% |
| 20Y | 7.68% | 10.29% |
| 25Y | 7.81% | 9.80% |
| 30Y | 7.85% | 9.18% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.53% and the 10-year 6.77%, a 10Y−2Y spread of +124 bp — positively sloped — as of 2026-10-26. The chart and table below track how they have moved.
Fitted 2Y and 10Y yields and their spread, sampled one build date per month. See all inverted curves today →
| Tenor | Latest2026-10-26 | 1m ago2026-09-25 | 2m ago2026-08-27 | 3m ago2026-07-28 | 4m ago2026-06-29 | 5m ago2026-05-29 | 6m ago2026-04-29 |
|---|---|---|---|---|---|---|---|
| 2Y | 5.53% | 5.40% | 4.94% | 4.98% | 4.74% | 4.80% | 4.82% |
| 10Y | 6.77% | 6.68% | 6.21% | 6.38% | 6.12% | 6.27% | 6.37% |
| 10Y − 2Y | +124 bp | +128 bp | +127 bp | +140 bp | +139 bp | +148 bp | +156 bp |
Bonds in this curve
The 16 bonds behind this curve.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| South Africa | 5.26% | 2027-09-27 | 4.85% | US836205AW44 |
| South Africa | 5.51% | 2028-10-12 | 4.30% | US836205AU87 |
| South Africa | 5.78% | 2029-09-30 | 4.85% | US836205BA15 |
| South Africa | 5.98% | 2030-06-22 | 5.88% | US836205AY00 |
| South Africa | 5.97% | 2032-04-20 | 5.88% | US836205BC70 |
| South Africa | 6.77% | 2036-11-19 | 7.10% | XS2908172260 |
| South Africa | 6.97% | 2037-12-11 | 6.12% | XS3250317354 |
| South Africa | 7.33% | 2041-03-08 | 6.25% | US836205AP92 |
| South Africa | 7.55% | 2044-07-24 | 5.38% | US836205AS32 |
| South Africa | 7.68% | 2046-10-12 | 5.00% | US836205AV60 |
| South Africa | 7.82% | 2047-09-27 | 5.65% | US836205AX27 |
| South Africa | 7.79% | 2048-06-22 | 6.30% | US836205AZ74 |
| South Africa | 7.73% | 2049-09-30 | 5.75% | US836205BB97 |
| South Africa | 7.74% | 2052-04-20 | 7.30% | US836205BE37 |
| South Africa | 7.87% | 2054-11-19 | 7.95% | XS2917537875 |
| South Africa | 7.86% | 2055-12-11 | 7.25% | XS3250317867 |