{"id":11439,"date":"2012-06-13T23:14:14","date_gmt":"2012-06-13T21:14:14","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/s-africa-bonds-get-boost-from-weak-data-rand-up\/"},"modified":"2012-06-13T23:14:14","modified_gmt":"2012-06-13T21:14:14","slug":"s-africa-bonds-get-boost-from-weak-data-rand-up","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-bonds-get-boost-from-weak-data-rand-up\/","title":{"rendered":"S.Africa bonds get boost from weak data, rand up"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Retail sales plunge in April, off high base<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds boosted by weak data but long end pressured<\/p>\n<p><span><\/span><\/p>\n<p>* Rand turns firmer as euro hits session high vs dollar<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, June 13 (Reuters) &#8211; Yields on South African<br \/>\ngovernment bonds were down as bonds benefited from soft retail<br \/>\ndata on Wednesday with the three-year bond yield hitting a fresh<br \/>\nrecord low.<\/p>\n<p><span><\/span><\/p>\n<p>However the longer end remains under over-supply pressure as<br \/>\ninvestors anticipate 10 billion rand ($1.20 billion) to be put<br \/>\ninto the back end of the curve at an auction on Thursday.<\/p>\n<p><span><\/span><\/p>\n<p>Retail sales growth was at a meagre 1 percent in April,<br \/>\ncompared to 6.7 percent in March and economists&#8217; expectations of<br \/>\n4.5 percent, partly because of a high base set in April last<br \/>\nyear.<\/p>\n<p><span><\/span><\/p>\n<p>The weak number is likely to see second quarter growth<br \/>\nmoderate but analysts say the data is not enough to prompt the<br \/>\ncentral bank to cut interest rates just yet.<\/p>\n<p><span><\/span><\/p>\n<p>The yield on the three-year bond closed five basis<br \/>\npoints lower at 6.17 percent while the 14-year bond<br \/>\nended 2.5 basis points down at 8.26 percent.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;SAGB&#8217;s were up to four basis points lower in some places of<br \/>\nthe yield curve, particularly the front end as bonds benefited<br \/>\nfrom the soft data that could hint at a rate easing further<br \/>\nout,&#8221; said Anisha Arora from 4Cast.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Retail sales plunge in April, off high base * Bonds boosted by weak data but long end pressured * Rand turns firmer as euro hits session high vs dollar JOHANNESBURG, June 13 (Reuters) &#8211; Yields on South African government bonds were down as bonds benefited from soft retail data on Wednesday with the three-year [&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-11439","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\/11439","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=11439"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11439\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}