{"id":10090,"date":"2012-04-19T16:21:08","date_gmt":"2012-04-19T14:21:08","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/s-africa-bonds-rand-steady-after-recent-gains\/"},"modified":"2012-04-19T16:21:08","modified_gmt":"2012-04-19T14:21:08","slug":"s-africa-bonds-rand-steady-after-recent-gains","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-bonds-rand-steady-after-recent-gains\/","title":{"rendered":"S.Africa bonds, rand steady after recent gains"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Market pauses after strong mid-week rally<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Focus back on global trends, mainly Spanish auction<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, April 19<\/span>  (Reuters) &#8211; The rand was a bit<br \/>\nfirmer against the dollar early on Thursday and government bonds<br \/>\nwere largely steady, with market focus firmly back on euro zone<br \/>\ndevelopments after a raft of positive local news buoyed assets<br \/>\nearlier in the week.<\/p>\n<p><span><\/span><\/p>\n<p>The rand traded 0.2 percent firmer at 7.8295 by<br \/>\n0657 GMT compared with Wednesday&#8217;s close at 7.8452.<\/p>\n<p><span><\/span><\/p>\n<p>The yields on the benchmark three-year and 14-year<br \/>\nbonds were each flat at 6.505 percent and 8.165<br \/>\npercent respectively.<\/p>\n<p><span><\/span><\/p>\n<p>Traders said the market was taking a breather after local<br \/>\nassets rallied sharply on news that up to $9 billion of<br \/>\nportfolio flows could enter the country if Citigroup&#8217;s includes<br \/>\nlocal bonds in its World Government Bond Index.<\/p>\n<p><span><\/span><\/p>\n<p>The main focus on Thursday will be on the results of a bond<br \/>\nauction in Spain &#8211; a crucial test of investors&#8217; appetite for<br \/>\nrisk, which has been heavily battered in recent months by the<br \/>\nprospect of debt defaults in some euro zone countries.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;(The) news flow has turned in favour of the rand recently<br \/>\n(but) global factors could yet trip up the currency,&#8221; said<br \/>\nStandard Bank strategist Nomvuyo Guma.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Apart from the Spanish auction, today&#8217;s U.S. data is likely<br \/>\nto dictate the market&#8217;s direction along with a slew of speakers,<br \/>\nincluding the IMF&#8217;s Lagarde.&#8221;\t<\/p>\n<p> (Reporting by Stella Mapenzauswa; Editing by Jon Herskovitz)<\/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>* Market pauses after strong mid-week rally * Focus back on global trends, mainly Spanish auction JOHANNESBURG, April 19 (Reuters) &#8211; The rand was a bit firmer against the dollar early on Thursday and government bonds were largely steady, with market focus firmly back on euro zone developments after a raft of positive local news [&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-10090","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\/10090","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=10090"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10090\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}