South Africa's rand firms, bonds recoup some losses

JOHANNESBURG Feb 24 (Reuters) - South Africa's rand touched two-week highs against a broadly weaker dollar on Friday and bonds reversed some of their recent losses, although continued scepticism that a lower budget deficit will cap supply should maintain pressure on local debt. 

The yield on the 2015 bond closed 1.5 basis points lower at 6.66 percent while that for the 14-year issue dipped 2.5 basis points to 8.28 percent.

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