Do bonds offer opportunity in a post-Covid-19 world?

the Covid-19 pandemic has seen monumental swings in investor sentiment. While it cannot be denied that there are many investment risks that may persist after the pandemic, there is also great value to be found. Are bonds attractive enough to offer investors a haven from coronavirus fears, and if so, where are the opportunities?

“South African bonds are pricing in enough bad news to be attractive, offering interest rates more than double the rate of inflation,” says Londa Nxumalo, portfolio manager at