{"id":10003,"date":"2012-04-17T16:20:55","date_gmt":"2012-04-17T14:20:55","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/rand-govt-bonds-rally-on-citi-bond-index-hopes\/"},"modified":"2012-04-17T16:20:55","modified_gmt":"2012-04-17T14:20:55","slug":"rand-govt-bonds-rally-on-citi-bond-index-hopes","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/rand-govt-bonds-rally-on-citi-bond-index-hopes\/","title":{"rendered":"Rand, govt bonds rally on Citi bond index hopes"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, April 17<\/span> (Reuters) &#8211; South Africa&#8217;s rand<br \/>\nrallied 1.5 percent against the dollar on Tuesday and bond<br \/>\nyields dropped more than 20 basis points after Citigroup<br \/>\nannounced South African government bonds were eligible to be<br \/>\nincluded its World Government Bond Index.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>The rand was 1.4 percent firmer at 7.8215 against<br \/>\nthe dollar at 1137 GMT, off a 7.93 close in New York on Monday.<\/p>\n<p><span><\/span><\/p>\n<p>The yield on the 2026 benchmark government bond<br \/>\nwas down 26 basis points to 8.175 percent, while that on the<br \/>\n2015 issue fell 21 basis points to 6.505 percent.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The market&#8217;s rallied hard since that announcement. We&#8217;ve<br \/>\nbasically done 20 basis points on the R157s on the back of that.<br \/>\nOffshore guys are placing a form of premium as such on local<br \/>\nbonds,&#8221; said one local bond dealer.<\/p>\n<p><span><\/span><\/p>\n<p>(Reporting by Xola Potelwa; Editing by Ed Cropley)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JOHANNESBURG, April 17 (Reuters) &#8211; South Africa&#8217;s rand rallied 1.5 percent against the dollar on Tuesday and bond yields dropped more than 20 basis points after Citigroup announced South African government bonds were eligible to be included its World Government Bond Index. The rand was 1.4 percent firmer at 7.8215 against the dollar at 1137 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10003","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10003"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10003\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}