Right-hand axis: 30-minutes moving average of bid-ask spreads measured at 5 minutes intervals. ​Source: OlsenData.
T T Mboweni: Monetary policy and South African bond market developments Address by Mr T T Mboweni, Governor of the South African Reserve Bank, at the South African Bond Market Conference organised by the Debt Issuers Association, Johannesburg, 5 October 2006. *  *  *  Honoured guests Ladies and gentlemen  1.