South Africa’s 10-year government bond yield eased to around 8.91%, though it remained close to its highest level since March, mirroring other peers. The pullback in crude oil prices provided some relief, but elevated geopolitical risks kept inflation concerns alive. Attention turns to central bank decisions, with the US Federal Reserve widely anticipated to deliver a 25 bps rate hike. In South Africa, a closely watched gauge of inflation expectations moderated in the third quarter, reducing bets on a potential rate increase of the same magnitude by the South African Reserve Bank.