{"id":10046,"date":"2012-04-18T16:24:04","date_gmt":"2012-04-18T14:24:04","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/s-african-bonds-rand-boosted-by-wgbi-accension\/"},"modified":"2012-04-18T16:24:04","modified_gmt":"2012-04-18T14:24:04","slug":"s-african-bonds-rand-boosted-by-wgbi-accension","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-african-bonds-rand-boosted-by-wgbi-accension\/","title":{"rendered":"S.African bonds, rand boosted by WGBI accension"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand, govt bonds still propped by bond index ascension<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* March inflation expected to have eased slightly<\/p>\n<p><span><\/span><\/p>\n<p>* February retail sales forecast at 4.8 pct from 3.9 pct<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, April 18 (Reuters) &#8211; Yields on South African<br \/>\ngovernment bonds were lower early on Wednesday, with prices<br \/>\npropped up by news that billions of dollars could come into the<br \/>\nmarket from abroad through the inclusion of local bonds in a<br \/>\nworld bond index.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was trading close to two week highs but had pared<br \/>\nmost of its previous gains as investors, worrying about a<br \/>\nSpanish auction on Thursday, were cautious on risk.<\/p>\n<p><span><\/span><\/p>\n<p>Citigroup announced 11 government bonds would likely be part<br \/>\nof its World Government Bond Index (WGBI) on October 1, which<br \/>\ncould potentially bring $5-9 billion worth of inflows into South<br \/>\nAfrica.<\/p>\n<p><span><\/span><\/p>\n<p>Daily foreign buying of local bonds recorded its second<br \/>\nbiggest trading volume on the news and the rand rapidly pierced<br \/>\nthrough technical resistance levels, closing at 7.8120 in New<br \/>\nYork.<\/p>\n<p><span><\/span><\/p>\n<p>By 0635 GMT on Wednesday the currency was trading<br \/>\naround those levels, with a firmer bias.<\/p>\n<p><span><\/span><\/p>\n<p>The rand should continue to gain in the short term as strong<br \/>\ninflows have usually resulted in a strong currency.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand, govt bonds still propped by bond index ascension * March inflation expected to have eased slightly * February retail sales forecast at 4.8 pct from 3.9 pct JOHANNESBURG, April 18 (Reuters) &#8211; Yields on South African government bonds were lower early on Wednesday, with prices propped up by news that billions of dollars [&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-10046","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\/10046","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=10046"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10046\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}