{"id":12109,"date":"2012-07-05T00:13:38","date_gmt":"2012-07-04T22:13:38","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/foreign-buying-cuts-s-africa-yields-to-record-lows\/"},"modified":"2012-07-05T00:13:38","modified_gmt":"2012-07-04T22:13:38","slug":"foreign-buying-cuts-s-africa-yields-to-record-lows","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/foreign-buying-cuts-s-africa-yields-to-record-lows\/","title":{"rendered":"Foreign buying cuts S.Africa yields to record lows"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Bonds firm, foreign inflows persist<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Rand hits near two-month high vs dollar<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, July 4<\/span> (Reuters) &#8211; Yields on South African<br \/>\nbonds hit fresh lows on Wednesday, driven by offshore investors<br \/>\npiling into local debt to chase higher yields.<\/p>\n<p><span><\/span><\/p>\n<p>Investors are adding bonds of Africa&#8217;s largest economy to<br \/>\ntheir portfolios before its inclusion in a prominent world<br \/>\ngovernment bond index in October.<\/p>\n<p><span><\/span><\/p>\n<p>The inflows helped prop up the rand, which was near its<br \/>\nrecent high against the dollar on the day. The currency<br \/>\n hit a session high of 8.0648 earlier, putting it in<br \/>\nsight of 8.05 resistance.<\/p>\n<p><span><\/span><\/p>\n<p>If the unit breaks through 8.05 it will open up the 8-rand<br \/>\nfigure it last traded at in early May.<\/p>\n<p><span><\/span><\/p>\n<p>However by 1530 GMT the rand had retreated 0.83 percent<br \/>\nfrom a 8.0725 close in New York on Tuesday as the euro lost some<br \/>\nground in the late afternoon and dragged the rand along with it.<\/p>\n<p><span><\/span><\/p>\n<p>The euro region is one of South Africa&#8217;s biggest trading<br \/>\npartners and the local currency tends to follow the single<br \/>\ncurrency.<\/p>\n<p><span><\/span><\/p>\n<p>The rand is getting support from foreign money flowing into<br \/>\nthe bond market where offshore investors consistently have been<br \/>\nbuying bonds and pushing yields to record lows.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Bonds firm, foreign inflows persist * Rand hits near two-month high vs dollar JOHANNESBURG, July 4 (Reuters) &#8211; Yields on South African bonds hit fresh lows on Wednesday, driven by offshore investors piling into local debt to chase higher yields. Investors are adding bonds of Africa&#8217;s largest economy to their portfolios before its inclusion [&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-12109","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\/12109","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=12109"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12109\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}