{"id":11661,"date":"2012-06-20T11:36:10","date_gmt":"2012-06-20T09:36:10","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/s-africas-rand-at-month-high-vs-dollar-bonds-up\/"},"modified":"2012-06-20T11:36:10","modified_gmt":"2012-06-20T09:36:10","slug":"s-africas-rand-at-month-high-vs-dollar-bonds-up","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-at-month-high-vs-dollar-bonds-up\/","title":{"rendered":"S.Africa&#8217;s rand at month high vs dollar, bonds up"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand, govt bonds supported by risk-rally ahead of FOMC<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Inflation likely moderated in May<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, June 20<\/span> (Reuters) &#8211; South Africa&#8217;s rand hit a<br \/>\nmonth high against the dollar on Wednesday after breaking<br \/>\nthrough a resistance level, and government bonds gained as<br \/>\nmarkets expected further monetary stimulus out of the U.S.<br \/>\nFederal Reserve.<\/p>\n<p><span><\/span><\/p>\n<p>Bonds were also buoyed by expectations that May inflation<br \/>\nwill have eased back into the central bank&#8217;s 3-6 percent target<br \/>\nin May due to a drop in fuel prices.<\/p>\n<p><span><\/span><\/p>\n<p>The 2015 bond yield was down 2.5 basis points at a<br \/>\nnew record low of 6.025 percent while the 2026 paper<br \/>\ndropped four basis points to 7.985 percent.<\/p>\n<p><span><\/span><\/p>\n<p>Economists have forecast annual inflation at 5.95 percent<br \/>\nfrom 6.1 percent in April, while on a monthly basis prices are<br \/>\nexpected to have stayed the same in the two months. The data is<br \/>\ndue at 0800 GMT.<\/p>\n<p><span><\/span><\/p>\n<p>Longer bonds have been outperforming the shorter end of the<br \/>\nyield curve in the past few sessions after a three-week rally of<br \/>\nthe short-dated stock. Dealers say the front end now looks too<br \/>\nexpensive and yields maybe rallied too fast and too quickly. The<br \/>\nR186\/R157 spread was retracing its peak from last week.<\/p>\n<p><span><\/span><\/p>\n<p>The spread was at 196 basis points and the break through 200<br \/>\nbasis points opens up 185 basis points, technical analysts say.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was up 0.2 percent at 8.1849 to the dollar<br \/>\nat 0630 GMT, from a 8.20 close in New York on Tuesday.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand, govt bonds supported by risk-rally ahead of FOMC * Inflation likely moderated in May JOHANNESBURG, June 20 (Reuters) &#8211; South Africa&#8217;s rand hit a month high against the dollar on Wednesday after breaking through a resistance level, and government bonds gained as markets expected further monetary stimulus out of the U.S. Federal Reserve. [&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-11661","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\/11661","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=11661"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11661\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}