South Africa’s 10-year government bond yield fell to near 9.60%, its lowest since late January, as traders assessed the latest policy decision by the country's central bank and awaited developments on trade negotiations with the US. The South African Reserve Bank's Monetary Policy Committee (MPC) has decided to reduce the repo rate by 25 basis points to 7% given a backdrop of a stable inflationary environment, despite global uncertainties. June’s CPI rose to 3% from 2.8% in May, re-entering the SARB’s target range for the first time in three months but staying well below last year’s 5.2%.