{"id":12103,"date":"2012-07-04T12:13:51","date_gmt":"2012-07-04T10:13:51","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/s-africa-rand-softens-but-bonds-find-support\/"},"modified":"2012-07-04T12:13:51","modified_gmt":"2012-07-04T10:13:51","slug":"s-africa-rand-softens-but-bonds-find-support","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-rand-softens-but-bonds-find-support\/","title":{"rendered":"S.Africa rand softens but bonds find support"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, July 4<\/span> (Reuters) &#8211; South Africa&#8217;s rand eased<br \/>\nslightly from a 7-week high against the dollar on Wednesday but<br \/>\nlooked set to hold its ground due to strong appetite for<br \/>\ndomestic debt from investors becoming less concerned about the<br \/>\neuro zone debt crisis.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>The rand was 0.17 percent weaker at 8.0793 against<br \/>\nthe dollar at 0642 GMT from last night&#8217;s New York close of<br \/>\n8.0610.<\/p>\n<p><span><\/span><\/p>\n<p>With U.S. markets closed for the Independence Day holiday,<br \/>\nanalysts said a recent rally by the rand towards the 8 versus<br \/>\nthe dollar level was likely to be the most helpful trading<br \/>\nguide.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;With global markets still offering no direction this<br \/>\nmorning, the safest bet is probably to think that the trend will<br \/>\nremain your friend,&#8221; Rand Merchant Bank said in a note.<\/p>\n<p><span><\/span><\/p>\n<p>Yields on benchmark bonds remained at record lows, with that<br \/>\non the three year bond slipping one basis point to<br \/>\n5.95 percent and that on the longer-dated 2026 paper<br \/>\ndropping by the same margin to 7.855 percent.<\/p>\n<p><span><\/span><\/p>\n<p>On the local front, investors will look for more clues on<br \/>\nthe interest rate outlook when the Reserve Bank releases its<br \/>\nannual report for 2011\/12 at 0800 GMT.<\/p>\n<p> (Reporting by Vuyani Ndaba; Editing by Ed Cropley)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JOHANNESBURG, July 4 (Reuters) &#8211; South Africa&#8217;s rand eased slightly from a 7-week high against the dollar on Wednesday but looked set to hold its ground due to strong appetite for domestic debt from investors becoming less concerned about the euro zone debt crisis. The rand was 0.17 percent weaker at 8.0793 against the dollar [&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-12103","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\/12103","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=12103"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12103\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}