9  Ibid. 10  Ibid. 11  Van der Berg, S., et. al. A series of National Accounts-Consistent Estimates of Poverty and Inequality in South Africa, Stellenbosch Economic Working papers: 09/07, South Africa. 12  The Presidency, Republic of South Africa. Development Indicators 2008 (www.thepresidency.gov.za), 2008. BIS Review 109/2009  7  We have also witnessed notable improvements in living conditions of households.
Graph 12  Non-financial Corporate Bond Pricing 10-year bonds, BBB rated %  %  10  10 Bond yield  5  5 Swap rate  bps  bps  Spread to swap  600  600  300  300  0 2005  2009  2013  2017  0 2021  Sources: Bloomberg; RBA  The rise in the swap rate around the 3-year mark has flowed through to higher yields on bank bonds in the secondary market.