{"id":10102,"date":"2012-04-20T04:21:21","date_gmt":"2012-04-20T02:21:21","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/south-africa-rand-govt-bonds-edge-lower-after-recent-rally\/"},"modified":"2012-04-20T04:21:21","modified_gmt":"2012-04-20T02:21:21","slug":"south-africa-rand-govt-bonds-edge-lower-after-recent-rally","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/south-africa-rand-govt-bonds-edge-lower-after-recent-rally\/","title":{"rendered":"South Africa rand, govt bonds edge lower after recent rally"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, April 19<\/span> (Reuters) &#8211; South Africa&#8217;s rand and<br \/>\ngovernment bonds slipped on Thursday, taking a break after sharp<br \/>\nrallies earlier in the week and as investors fretted about the<br \/>\neuro zone debt crisis.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>The rand was 0.2 percent weaker against the dollar at 7.8630<br \/>\nby 1626 GMT, after closing at 7.8452 in New York on<br \/>\nWednesday. Bond yields rose by 1.5 basis points.<\/p>\n<p><span><\/span><\/p>\n<p>Citigroup&#8217;s announcement on Tuesday that it may include<br \/>\nSouth African bonds in its World Government Bond Index (WGBI) in<br \/>\nOctober had boosted the rand and driven bonds to multi-year<br \/>\nhighs.<\/p>\n<p><span><\/span><\/p>\n<p>While the boost from that news has largely worn off, it<br \/>\nstill cushioned the rand from a bigger fall. However some in the<br \/>\nmarket expect the currency&#8217;s resilience to give in in a couple<br \/>\nof week&#8217;s time.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The rand is outperforming the rest of the risky assets. Of<br \/>\nthe commodity currencies the rand is being kept strong by that<br \/>\nWGBI story from Tuesday,&#8221; said Warrick Butler, a forex trader at<br \/>\nStandard Bank.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;(However) the cushion won&#8217;t last long at all,&#8221; Butler said,<br \/>\nciting concerns over Europe&#8217;s problems.<\/p>\n<p><span><\/span><\/p>\n<p>Local yields ended slightly higher with the three-year<br \/>\nbenchmark at 6.52 percent and the 14-year at 8.18<br \/>\npercent. Dealers said increased demand for South<br \/>\nAfrican debt since Tuesday&#8217;s announcement was keeping them very<br \/>\nbusy and propping up the market.\t<\/p>\n<p> (Reporting by Xola Potelwa; Editing by Hugh Lawson)<\/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 19 (Reuters) &#8211; South Africa&#8217;s rand and government bonds slipped on Thursday, taking a break after sharp rallies earlier in the week and as investors fretted about the euro zone debt crisis. The rand was 0.2 percent weaker against the dollar at 7.8630 by 1626 GMT, after closing at 7.8452 in New York [&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-10102","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\/10102","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=10102"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10102\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}