{"id":11630,"date":"2012-06-19T23:34:47","date_gmt":"2012-06-19T21:34:47","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/key-s-africa-bond-yield-hits-record-low-rand-gains\/"},"modified":"2012-06-19T23:34:47","modified_gmt":"2012-06-19T21:34:47","slug":"key-s-africa-bond-yield-hits-record-low-rand-gains","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/key-s-africa-bond-yield-hits-record-low-rand-gains\/","title":{"rendered":"Key S.Africa bond yield hits record low, rand gains"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Bonds supported by foreign buying<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Rand breaks through resistance at 8.20 vs. dollar<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, June 19<\/span> (Reuters) &#8211; Yields on South African<br \/>\ngovernment bonds dropped to multi-month lows on Tuesday,<br \/>\nextending a three-week rally as investors returned to riskier<br \/>\nemerging market assets and helped push the rand though a firm<br \/>\nresistance level against the dollar.<\/p>\n<p><span><\/span><\/p>\n<p>The three-year bond yield dropped to a record 6.05<br \/>\npercent while the yield on the 14-year issue hit an<br \/>\neight-month low of 8.02 percent.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The whole market has got a little bit excited. This has all<br \/>\nbeen foreign-driven. We&#8217;ve seen gigantic foreign inflows over<br \/>\nthe last two weeks or so and its driven all bond yields down,&#8221;<br \/>\nsaid Malcolm Charles, a fixed income portfolio manager at<br \/>\nInvestec.<\/p>\n<p><span><\/span><\/p>\n<p>Offshore accounts picked up 3.1 billion rand ($377 million)<br \/>\nof local debt last week. Year-to-date, foreigners have bought 11<br \/>\nbillion rand more in 2012 than they did in the same period last<br \/>\nyear.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;They obviously think the world is a perfect place to be<br \/>\ninvesting in risk assets again,&#8221; Charles said.<\/p>\n<p><span><\/span><\/p>\n<p>Earlier in the session, the Treasury sold 2.1 billion rand<br \/>\nin 2017, 2021 and 2023 paper at lower yields<br \/>\nthan at their previous sales.<\/p>\n<p><span><\/span><\/p>\n<p>The new 2023 issue cleared at 7.77 percent and attracted the<br \/>\nmost interest, with a 4.18 times bid-to-cover ratio.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Bonds supported by foreign buying * Rand breaks through resistance at 8.20 vs. dollar JOHANNESBURG, June 19 (Reuters) &#8211; Yields on South African government bonds dropped to multi-month lows on Tuesday, extending a three-week rally as investors returned to riskier emerging market assets and helped push the rand though a firm resistance level against [&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-11630","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\/11630","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=11630"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11630\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}