{"id":11392,"date":"2012-06-12T23:09:46","date_gmt":"2012-06-12T21:09:46","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/bond-index-boost-helps-cushion-s-africas-rand\/"},"modified":"2012-06-12T23:09:46","modified_gmt":"2012-06-12T21:09:46","slug":"bond-index-boost-helps-cushion-s-africas-rand","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/bond-index-boost-helps-cushion-s-africas-rand\/","title":{"rendered":"Bond index boost helps cushion S.Africa’s rand"},"content":{"rendered":"

\t\t<\/span><\/p>\n

* Rand supported by WGBI from Greece woes<\/span><\/p>\n

<\/span><\/p>\n

* Investors sit it out until the weekend<\/p>\n

<\/span><\/p>\n

JOHANNESBURG, June 12<\/span> (Reuters) – The rand was firmer
\nagainst the dollar on Tuesday, outperforming most of its
\nemerging market peers while being cushioned by expected inflows
\ninto the South African debt market, with government bonds also
\nending positive.<\/p>\n

<\/span><\/p>\n

The local market has been cheered by news that South Africa
\nhas been included in the Citigroup World Government Bond Index,
\nwith analysts estimating between $5-$9 billion worth of new
\nflows into the bond market.<\/p>\n

<\/span><\/p>\n

At 1550 GMT, the rand was up half a percent at
\n8.4298 against the dollar.<\/p>\n

<\/span><\/p>\n

Dealers say they do not expect any big positions before the
\nGreek election on the weekend and the rand is likely to stay in
\nits recent range until then.<\/p>\n

<\/span><\/p>\n

“Greece worries weigh on the market. We’ve seen the rand
\nfirm, that’s got to do with the inclusion of South Africa’s
\nbonds into the prestigious index. That has helped shake off
\nworries about Greece’s future to an extent,” said Travis Robson,
\na dealer at Global Trader.<\/p>\n

<\/span><\/p>\n

The rand has traded near its next support level of 8.50 in
\nthe previous two sessions but if investors sit on the sidelines
\nthen the barrier could hold for longer.<\/p>\n

<\/span><\/p>\n

“A lot of guys are sitting on their hands waiting to see
\nwhat happens with the Greek election. There’s European jitters
\nand a lot of volatility around this market at the moment,”
\nRobson said.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

* Rand supported by WGBI from Greece woes * Investors sit it out until the weekend JOHANNESBURG, June 12 (Reuters) – The rand was firmer against the dollar on Tuesday, outperforming most of its emerging market peers while being cushioned by expected inflows into the South African debt market, with government bonds also ending positive. […]<\/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-11392","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\/11392","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=11392"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11392\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}