Dar es Salaam, Aug. 24 -- IN the past, traders in the Forex market used to pay most of their attention to the activities of central banks, economic data, and politics. Although these three elements remain important, more and more traders start paying attention to yet another element - government bond yields.

During 2026, the movement of bonds in the financial market, in particular US Treasuries yields, became one of the main determinants of currency exchange rates. Sometimes, the movement of yields is even faster and more predictable than any speech or statement made by politicians.

A bond yield reflects the rate at which the investors make money from owning sovereign bonds. The higher the yields, the more lucrative investments made in ...