JOHANNESBURG, June 12 (Reuters) - The South African rand extended gains on Monday, building from the previous week, as investor sentiment towards Africa's most industrialised economy improved.
At 1517 GMT, the rand traded at 18.5600 to the dollar, about 0.87% stronger than its closing level on Friday.
South Africa's President Cyril Ramaphosa is expected this week to travel to Russia and Ukraine for an Africa-led peace mission in an attempt to end the ongoing war.
South Africa's sovereign dollar-denominated bonds also continued their June rally, with the 2044 maturity up and rising 1.153 cents at 1526 GMT to 73.017 cents in the dollar, according to Tradeweb data.
South Africa's benchmark 2030 government bond was stronger, with the yield down 5.5 basis points to 10.765%.
Persons:
Vladimir Putin's, Kieran Siney, Cyril Ramaphosa, Casparus Treurnicht, Razia Khan, Nellie Peyton, Tannur Anders, Rachel Savage, Bhargav, Alexander Winning, Toby Chopra
Organizations:
Analytics, Gryphon Asset Management, Standard Chartered, Johannesburg Stock Exchange, U.S . Federal Reserve, European Central Bank, Bank of Japan, Thomson
Locations:
JOHANNESBURG, Johannesburg, South Africa, Russia, Ukraine, Africa