{"id":10148,"date":"2012-04-21T04:21:56","date_gmt":"2012-04-21T02:21:56","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/s-africas-rand-bonds-rally-on-g20-moves\/"},"modified":"2012-04-21T04:21:56","modified_gmt":"2012-04-21T02:21:56","slug":"s-africas-rand-bonds-rally-on-g20-moves","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-bonds-rally-on-g20-moves\/","title":{"rendered":"S.Africa&#8217;s rand, bonds rally on G20 moves"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand and bonds lifted by G20-IMF commitment<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Foreign bond buying interest boosts local assets<\/p>\n<p><span><\/span><\/p>\n<p>* Currency seen breaching 7.80 again in the next session<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, April 20 (Reuters) &#8211; South Africa&#8217;s rand and<br \/>\nbonds ended the week firmer on Friday as positive sentiment got<br \/>\na lift from the Group of 20&#8217;s commitment to help fight the euro<br \/>\nzone&#8217;s debt problems, completing a strong week for local assets.<\/p>\n<p><span><\/span><\/p>\n<p>The Group of 20 nations stood ready to commit at least $400<br \/>\nbillion to bulk up the International Monetary Fund to ensure it<br \/>\nhas enough firepower to respond if Europe&#8217;s debt crisis<br \/>\nescalated.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was trading at 7.802, 0.7 percent firmer<br \/>\nagainst the U.S dollar at 1615 GMT from New York&#8217;s close of<br \/>\n7.8556. It was performing best compared to 20 emerging market<br \/>\ncurrencies tracked by Reuters.<\/p>\n<p><span><\/span><\/p>\n<p>Improved sentiment from robust demand at a Spanish bond<br \/>\nauction on Thursday also filtered into Friday.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;I think the market rebounded on the back of the positive<br \/>\nSpanish auction we saw yesterday,&#8221; said Brigid Taylor, h ead of<br \/>\ninstitutional sales a t Nedbank.<\/p>\n<p><span><\/span><\/p>\n<p>Even though Spanish government bond yields are on the rise,<br \/>\ninvestors buying into 2.5 billion euros ($3.29 billion) of bonds<br \/>\noffered at Thursday&#8217;s auction was taken as a good sign.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand and bonds lifted by G20-IMF commitment * Foreign bond buying interest boosts local assets * Currency seen breaching 7.80 again in the next session JOHANNESBURG, April 20 (Reuters) &#8211; South Africa&#8217;s rand and bonds ended the week firmer on Friday as positive sentiment got a lift from the Group of 20&#8217;s commitment to [&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-10148","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\/10148","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=10148"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10148\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}