Government bond auction · South Africa
South Africa 2039 Bond Auction
The South Africa 2039 Bond Auction is a sale of new government debt by South Africa's treasury or debt agency to investors.
- Importance
- Low
- Released
- Every two weeks
- Next release
- Currency
- ZAR · South African rand
- Central bank
- The South African Reserve Bank
Latest figures
The latest release, published on 27 October 2026, came in at 9.004%, down from 9.182% the time before.
Over the last 12 releases it ranged from 8.795% to 9.300%, averaging 9.101%; it has been falling for three releases in a row.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 27 Oct 2026 | – | 9.004% | – | 9.182% |
| 20 Oct 2026 | – | 9.182% | – | 9.203% |
| 13 Oct 2026 | – | 9.203% | – | 9.300% |
| 29 Sep 2026 | – | 9.300% | – | 9.041% |
| 22 Sep 2026 | – | 9.041% | – | 9.234% |
| 1 Sep 2026 | – | 9.234% | – | 9.076% |
| 25 Aug 2026 | – | 9.076% | – | 8.978% |
| 21 Jul 2026 | – | 8.978% | – | 8.795% |
| 23 Jun 2026 | – | 8.795% | – | 9.079% |
| 9 Jun 2026 | – | 9.079% | – | 9.077% |
| 26 May 2026 | – | 9.077% | – | 9.244% |
| 12 May 2026 | – | 9.244% | – | 9.488% |
Why it matters
Auctions show the demand for a country's debt. A weak auction (low cover ratio, a yield above where the bond traded before the sale, the "tail") can push yields up across the market; a strong one calms them. In times of fiscal stress auctions get close attention.
How it is calculated
Bidders submit the yield (or price) at which they will buy; the debt office allocates from the lowest yield up until the amount is sold. The release reports the average or highest yield and the bid-to-cover ratio.
Bid-to-cover = amount bid ÷ amount soldWhat changes mean
- Bid-to-cover above its recent average and no tail: solid demand.
- Index-linked and green bonds are smaller auctions with their own investor base.
A short history
Most governments moved from fixed-price syndicates to regular auctions in the 1970s–1990s; the US Treasury has auctioned bills since 1929.
Questions
What is the South Africa 2039 Bond Auction?
The South Africa 2039 Bond Auction is a sale of new government debt by South Africa's treasury or debt agency to investors.
What was the latest South Africa 2039 Bond Auction?
9.004%, published on 27 October 2026.
When is the next South Africa 2039 Bond Auction?
On Tuesday 3 November 2026 at 09:30 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.