{"id":11591,"date":"2012-06-18T23:33:25","date_gmt":"2012-06-18T21:33:25","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/s-africa-bonds-weaken-before-auction-rand-gives-up-gains\/"},"modified":"2012-06-18T23:33:25","modified_gmt":"2012-06-18T21:33:25","slug":"s-africa-bonds-weaken-before-auction-rand-gives-up-gains","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-bonds-weaken-before-auction-rand-gives-up-gains\/","title":{"rendered":"S.Africa bonds weaken before auction, rand gives up gains"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Bonds weaken ahead of weekly auction<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Rand relinquishes gains over euro uncertainties<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, June 18<\/span> (Reuters) &#8211; South African government<br \/>\nbond yields rose on Monday ahead of a weekly auction on concerns<br \/>\nabout the additional supply, while the rand reversed earlier<br \/>\ngains as global risk appetite stayed weak due to doubts over the<br \/>\noutlook for the euro zone.<\/p>\n<p><span><\/span><\/p>\n<p>The yield on the three-year benchmark closed a<br \/>\nbasis point higher at 6.11 percent and that for the 14-year<br \/>\nissue added two basis points to 8.145 percent.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The market is getting nervous about the supply tomorrow<br \/>\nand more importantly CPI on Wednesday,&#8221; said Di Luo, an interest<br \/>\nrate strategist at HSBC in London.<\/p>\n<p><span><\/span><\/p>\n<p>The national Treasury is expected to inject 2.1 billion rand<br \/>\nin total worth of its 2017 and 2021 paper on<br \/>\nTuesday, as well as a new 11-year bond due in 2023.<\/p>\n<p><span><\/span><\/p>\n<p>Besides the weekly auction, consumer inflation data due out<br \/>\non Wednesday will offer the market clues on the domestic<br \/>\ninterest rate outlook for the rest of the year.<\/p>\n<p><span><\/span><\/p>\n<p>Some market players are pricing in a possible cut before<br \/>\nyear-end as economic growth remains anaemic while price<br \/>\npressures are relatively benign.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;South African (debt market) rates have rallied hard ahead<br \/>\nof the Greece election weekend, so even though the result was<br \/>\nmodestly positive the market wasn&#8217;t pricing in any negativity to<br \/>\nbegin with, so there has been a retracement,&#8221; Luo added.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Bonds weaken ahead of weekly auction * Rand relinquishes gains over euro uncertainties JOHANNESBURG, June 18 (Reuters) &#8211; South African government bond yields rose on Monday ahead of a weekly auction on concerns about the additional supply, while the rand reversed earlier gains as global risk appetite stayed weak due to doubts over the [&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-11591","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\/11591","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=11591"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11591\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}