{"id":12319,"date":"2012-07-12T00:28:25","date_gmt":"2012-07-11T22:28:25","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/s-africa-yields-hit-new-lows-demand-unlikely-to-wane\/"},"modified":"2012-07-12T00:28:25","modified_gmt":"2012-07-11T22:28:25","slug":"s-africa-yields-hit-new-lows-demand-unlikely-to-wane","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-yields-hit-new-lows-demand-unlikely-to-wane\/","title":{"rendered":"S.Africa yields hit new lows, demand unlikely to wane"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, July 11<\/span> (Reuters) &#8211; South African government<br \/>\nbond yields hit record lows on Wednesday on strong foreign<br \/>\ndemand ahead of the country&#8217;s inclusion in Citi&#8217;s World<br \/>\nGovernment Bond Index on Oct. 1, while the rand weakened a touch<br \/>\non the day.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Foreign demand for South African debt shows little sign of<br \/>\nwaning before the Citi move, dealers said.<\/p>\n<p><span><\/span><\/p>\n<p>The market is also pricing in an interest rate cut at next<br \/>\nweek&#8217;s meeting of the central bank&#8217;s Monetary Policy Committee.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The potential for lower rates is still there,&#8221; said Ashley<br \/>\nDickinson, head of the bond desk at Renaissance Capital. &#8220;We<br \/>\ncould be lower to sideways for an extended period of time.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>The yield on the 2015 and 2021 bonds hit<br \/>\nfresh lows of 5.865 and 7.045 percent respectively early in the<br \/>\nday, before moving back to 5.880 percent and 7.060 percent by<br \/>\nlate afternoon.<\/p>\n<p><span><\/span><\/p>\n<p>The rand eased by 0.3 percent to 8.2475 at 1543 GMT from its<br \/>\nclose of 8.22 in New York on Tuesday.<\/p>\n<p><span><\/span><\/p>\n<p>South African power utility Eskom sold 250 million<br \/>\nrand ($30.49 million) of its 2033 bond at a clearing yield of<br \/>\n8.94 percent on Wednesday, compared to a yield of 9.19 percent<br \/>\nlast week.<\/p>\n<p><span><\/span><\/p>\n<p>The government said it would offer a total of 2.1 billion<br \/>\nrand of its 2023, 2036 and 2048<br \/>\nbonds next Tuesday. <\/p>\n<p> (Reporting by Tosin Sulaiman; Editing by Hugh Lawson)<\/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 11 (Reuters) &#8211; South African government bond yields hit record lows on Wednesday on strong foreign demand ahead of the country&#8217;s inclusion in Citi&#8217;s World Government Bond Index on Oct. 1, while the rand weakened a touch on the day. Foreign demand for South African debt shows little sign of waning before the [&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-12319","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\/12319","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=12319"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12319\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}