{"id":11934,"date":"2012-06-29T00:02:10","date_gmt":"2012-06-28T22:02:10","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/s-africas-bonds-gain-as-foreigners-jump-in-again\/"},"modified":"2012-06-29T00:02:10","modified_gmt":"2012-06-28T22:02:10","slug":"s-africas-bonds-gain-as-foreigners-jump-in-again","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-bonds-gain-as-foreigners-jump-in-again\/","title":{"rendered":"S.Africa’s bonds gain as foreigners jump in again"},"content":{"rendered":"

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

* Longer term bonds gain<\/span><\/p>\n

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

* Rand to continue trading in a choppy tight range<\/p>\n

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

JOHANNESBURG, June 28<\/span> (Reuters) – South African bonds firmed
\nfor the fourth straight day on Thursday as foreign investors
\nlooking for yield piled into the market while the rand remained
\nstuck in a range.<\/p>\n

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

Offshore players were especially keen on the longer dated
\npaper with the 14-year maturity falling 7.5 basis
\npoints to 7.95 percent and the 3-year paper shedding
\n2.5 basis points to 5.995 percent.<\/p>\n

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

Yields for both are near historic lows as local interest
\nrates remain near 3-decade troughs. But they are high by global
\nstandards at a time when investors are desperately searching for
\ngood returns against market uncertainty.<\/p>\n

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

Citi sub-Saharan Africa strategist Leon Myburgh pointed out
\nin a brief note that non-resident flows into domestic bonds have
\nremained positive in recent days while there has been an outflow
\nfrom the equities market.<\/p>\n

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

South African bonds have benefited from the country’s
\ninclusion in a prestigious Citi bond index which is likely to
\nattract more inflows despite rating agencies’ downgrades.<\/p>\n

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

The rand was little changed at 8.43 against the dollar as
\nthe market awaits news from the 2-day European Union summit
\nwhich started Thursday amid fading hopes that the debt woes of
\nthe euro zone – South Africa’s biggest trading partner – can be
\nresolved.<\/p>\n

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

“It got itself into a tight range and it is very much a
\nheadline driven market,” said Jim Bryson, a rand trader at Rand
\nMerchant Bank.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

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

* Longer term bonds gain * Rand to continue trading in a choppy tight range JOHANNESBURG, June 28 (Reuters) – South African bonds firmed for the fourth straight day on Thursday as foreign investors looking for yield piled into the market while the rand remained stuck in a range. Offshore players were especially keen on […]<\/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-11934","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\/11934","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=11934"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11934\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}