{"id":10459,"date":"2012-05-03T20:32:20","date_gmt":"2012-05-03T18:32:20","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/s-african-bond-rally-supported-by-offshore-inflows\/"},"modified":"2012-05-03T20:32:20","modified_gmt":"2012-05-03T18:32:20","slug":"s-african-bond-rally-supported-by-offshore-inflows","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-african-bond-rally-supported-by-offshore-inflows\/","title":{"rendered":"S.African bond rally supported by offshore inflows"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Foreign accounts insistently buying local bonds<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Rand cushioned from bleak euro outlook<\/p>\n<p><span><\/span><\/p>\n<p>* Business confidence at its lowest since 2009<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, May 3 (Reuters) &#8211; Yields on South African<br \/>\ngovernment bonds fell as prices were buoyed by offshore buying<br \/>\non Thursday, helping to support the local rand currency in an<br \/>\notherwise gloomy global environment.<\/p>\n<p><span><\/span><\/p>\n<p>An announcement last month that South African bonds will<br \/>\nlikely be included in the prominent Citigroup World Government<br \/>\nBond Index (WGBI) has piqued investor interest in Africa&#8217;s<br \/>\nlargest economy.<\/p>\n<p><span><\/span><\/p>\n<p>Analysts say the WGBI factor has added an extra buy impulse<br \/>\nto local assets as it distinguishes South Africa from its<br \/>\nemerging market peers.<\/p>\n<p><span><\/span><\/p>\n<p>Yields fell across the curve and were down 5.5 basis points<br \/>\nto 6.345 percent on the very liquid three-year note<br \/>\nand were seven basis points lower at 8.065 percent on the<br \/>\n14-year issue.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Emerging market bonds have been quite well supported; it&#8217;s<br \/>\nthe whole story of looking for higher yields. And then South<br \/>\nAfrica has this offshore bid at the moment where we&#8217;re seeing<br \/>\nbig foreign inflows into the bond market,&#8221; said Vivienne<br \/>\nTaberer, a fixed income portfolio manager for Investec.<\/p>\n<p><span><\/span><\/p>\n<p>Bond exchange data shows foreign accounts picked up large<br \/>\namounts of auction stock on Wednesday, in keeping with<br \/>\nrelentless buying of local debt since the bond index<br \/>\nannouncement.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Foreign accounts insistently buying local bonds * Rand cushioned from bleak euro outlook * Business confidence at its lowest since 2009 JOHANNESBURG, May 3 (Reuters) &#8211; Yields on South African government bonds fell as prices were buoyed by offshore buying on Thursday, helping to support the local rand currency in an otherwise gloomy global [&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-10459","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\/10459","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=10459"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10459\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}