{"id":10014,"date":"2012-04-18T04:20:28","date_gmt":"2012-04-18T02:20:28","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/s-africa-bonds-rand-soar-on-citi-global-index-hopes\/"},"modified":"2012-04-18T04:20:28","modified_gmt":"2012-04-18T02:20:28","slug":"s-africa-bonds-rand-soar-on-citi-global-index-hopes","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-bonds-rand-soar-on-citi-global-index-hopes\/","title":{"rendered":"S.Africa bonds, rand soar on Citi global index hopes"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Bonds yields post steepest one-day drop in 3 years<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Analysts see flows of up to $9 bln into bonds<\/p>\n<p><span><\/span><\/p>\n<p>* Rand gains as much as 1.9 percent against dollar<\/p>\n<p><span><\/span><\/p>\n<p>By Stella Mapenzauswa<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, April 17  (Reuters) &#8211; The rand leapt and South<br \/>\nAfrican government bond yields logged their steepest drop in<br \/>\nnearly three years on Tuesday as news that local debt could be<br \/>\nincluded in Citigroup&#8217;s main global bond index boosted demand<br \/>\nfrom local and foreign accounts.<\/p>\n<p><span><\/span><\/p>\n<p>The rand jumped more than 1.8 percent against the dollar,<br \/>\nperforming the best among 20 emerging market currencies on the<br \/>\nview that inclusion in Citigroup&#8217;s World Government Bond Index<br \/>\ncould trigger billions of dollars worth of portfolio flows.<\/p>\n<p><span><\/span><\/p>\n<p>The yield on the 2026 issue fell as much as 30.5<br \/>\nbasis points, the sharpest one-day fall since May 2009, before<br \/>\ncoming back to 8.155 percent by the close, down 24 basis points<br \/>\nfrom Monday&#8217;s level.<\/p>\n<p><span><\/span><\/p>\n<p>The yield on the three-year benchmark tumbled 21<br \/>\nbasis points to 6.51 percent.<\/p>\n<p><span><\/span><\/p>\n<p>Citi said South Africa was currently in a three-month<br \/>\n&#8220;monitoring period&#8221; to make sure it continued to meet index<br \/>\nentry requirements to the WGBI. These are based on issue size,<br \/>\nease of entry and credit rating, all of which were passed in<br \/>\nApril.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Bonds yields post steepest one-day drop in 3 years * Analysts see flows of up to $9 bln into bonds * Rand gains as much as 1.9 percent against dollar By Stella Mapenzauswa JOHANNESBURG, April 17 (Reuters) &#8211; The rand leapt and South African government bond yields logged their steepest drop in nearly three [&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-10014","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\/10014","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=10014"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10014\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}