{"id":11335,"date":"2012-06-11T11:07:40","date_gmt":"2012-06-11T09:07:40","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/s-africas-govt-bonds-rand-rally-on-index-news\/"},"modified":"2012-06-11T11:07:40","modified_gmt":"2012-06-11T09:07:40","slug":"s-africas-govt-bonds-rand-rally-on-index-news","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-govt-bonds-rand-rally-on-index-news\/","title":{"rendered":"S.Africa&#8217;s govt bonds, rand rally on index news"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, June 11<\/span> (Reuters) &#8211; South African government<br \/>\nbonds rose on Monday and the rand strengthened, partly buoyed by<br \/>\nnews that from October local government bonds will be included<br \/>\nin Citigroup&#8217;s World Government Bond Index (WGBI).<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>The rand also firmed as it tracked a stronger euro after<br \/>\nSpain secured help for its debt-stricken banks and on<br \/>\nbetter-than-expected Chinese economic data, which boosted risk<br \/>\nappetite.<\/p>\n<p><span><\/span><\/p>\n<p>The yields on the benchmark three-year and 14-year<br \/>\nbonds each fell 8.5 basis points to 6.18 percent and<br \/>\n8.205 percent respectively.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Citi comments on South Africa&#8217;s inclusion in the WGBI will<br \/>\nbe positive for foreign flows and the inclusion makes the flows<br \/>\nmore sticky,&#8221; said Renaissance BJM bond trader Alvin Chawasema.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Yields have responded accordingly, gaining while the rand<br \/>\nbuilds on the positive start.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>Citigroup said 11 South African government bonds with an $83<br \/>\nbillion market value were eligible for the WGBI. This would give<br \/>\nthem a market weight of 0.41 percent in the index.<\/p>\n<p><span><\/span><\/p>\n<p>In April, traders said inclusion in the WGBI could<br \/>\npotentially bring $5-9 billion worth of inflows into South<br \/>\nAfrica.<\/p>\n<p><span><\/span><\/p>\n<p>The news also cheered the rand, which hit a session high of<br \/>\n8.2501 to the greenback and was at 8.2725 by 0653 GMT, up 1.34<br \/>\npercent from Friday&#8217;s close at 8.3846.<\/p>\n<p><span><\/span><\/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>JOHANNESBURG, June 11 (Reuters) &#8211; South African government bonds rose on Monday and the rand strengthened, partly buoyed by news that from October local government bonds will be included in Citigroup&#8217;s World Government Bond Index (WGBI). The rand also firmed as it tracked a stronger euro after Spain secured help for its debt-stricken banks and [&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-11335","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\/11335","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=11335"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11335\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}