{"id":10620,"date":"2012-05-08T00:53:11","date_gmt":"2012-05-07T22:53:11","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/s-africa-bonds-weaken-as-investors-dump-risk-assets\/"},"modified":"2012-05-08T00:53:11","modified_gmt":"2012-05-07T22:53:11","slug":"s-africa-bonds-weaken-as-investors-dump-risk-assets","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-bonds-weaken-as-investors-dump-risk-assets\/","title":{"rendered":"S.Africa bonds weaken as investors dump risk assets"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Bonds weaker on euro zone political uncertainity<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Rand to remain under pressure as the euro struggles<\/p>\n<p><span><\/span><\/p>\n<p>By Vuyani Ndaba<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, May 7 (Reuters) &#8211; South African government<br \/>\nbonds weakened on Monday as political uncertainty over Europe&#8217;s<br \/>\nausterity measures weighed on appetite for riskier assets around<br \/>\nthe globe.<\/p>\n<p><span><\/span><\/p>\n<p>Yields on the benchmark 2015 bond jumped five<br \/>\nbasis points to 6.425 percent and that on the 2026 issue<br \/>\n up 5.5 basis points to 8.15 percent.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We walked in this morning and saw that the euro is quite a<br \/>\nbit softer on the back of the French election news and the Greek<br \/>\npolitical news, which took a little bit of a shine off risk,&#8221;<br \/>\nsaid Daniel Sabiston, a bond dealer at Absa Capital.<\/p>\n<p><span><\/span><\/p>\n<p>In France, Socialist Francois Hollande won the presidential<br \/>\nelections and has pledged to balance the budget, but more slowly<br \/>\nthan his opponent, ousted centre-right incumbent Nicolas<br \/>\nSarkozy.<\/p>\n<p><span><\/span><\/p>\n<p>The result could trigger a push-back against German-led<br \/>\nausterity across the euro zone, unsettling investors.<\/p>\n<p><span><\/span><\/p>\n<p>Global equities were also hit, with South African stocks<br \/>\nfollowing suit. The benchmark Top-40 index slid 0.6<br \/>\npercent to 29,898.17.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Bonds weaker on euro zone political uncertainity * Rand to remain under pressure as the euro struggles By Vuyani Ndaba JOHANNESBURG, May 7 (Reuters) &#8211; South African government bonds weakened on Monday as political uncertainty over Europe&#8217;s austerity measures weighed on appetite for riskier assets around the globe. Yields on the benchmark 2015 bond [&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-10620","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\/10620","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=10620"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10620\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}