{"id":12390,"date":"2012-07-14T00:42:02","date_gmt":"2012-07-13T22:42:02","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/rand-s-africa-govt-bonds-end-week-firm-yields-at-new-lows\/"},"modified":"2012-07-14T00:42:02","modified_gmt":"2012-07-13T22:42:02","slug":"rand-s-africa-govt-bonds-end-week-firm-yields-at-new-lows","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/rand-s-africa-govt-bonds-end-week-firm-yields-at-new-lows\/","title":{"rendered":"Rand, S.Africa govt bonds end week firm, yields at new lows"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Bond yields hit fresh records<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Rand ends firmer but within range<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, July 13<\/span> (Reuters) &#8211; South African government<br \/>\nbond prices hit record highs again on Friday on expectations<br \/>\nthat the central bank will sit tight on low rates and sound a<br \/>\ndovish note next week, while the rand ended a bad week firmer<br \/>\nagainst the dollar.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was up 0.65 percent on the dollar to 8.2707 at 1518<br \/>\nGMT, off a 8.3250 close in New York on Thursday. It was trading<br \/>\nwithin Thursday&#8217;s range but had retreated from 8.37 support.<\/p>\n<p><span><\/span><\/p>\n<p>Dealers say the local unit tracked firmer levels in the<br \/>\neuro, which took advantage of a broadly weaker greenback.<\/p>\n<p><span><\/span><\/p>\n<p>Yields on government bonds plunged to new lows on Friday as<br \/>\nsome players got paid in the swaps market. Yields move inversely<br \/>\nto prices.<\/p>\n<p><span><\/span><\/p>\n<p>The 2015 and 2021 issues hit fresh<br \/>\nrecords at 5.81 percent and 6.97 percent respectively.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There was some follow-through buying from yesterday in bond<br \/>\nmarkets but the 10-year swap points specifically were quite<br \/>\noffered in the derivatives market,&#8221; said Garth Klintworth, head<br \/>\nof fixed income commodities and currencies at Absa Capital.<\/p>\n<p><span><\/span><\/p>\n<p>Dealers said although foreigners continued to be net buyers<br \/>\non Friday, volume in the spot market was thin and yields<br \/>\nfollowed activity in the derivatives market, where players were<br \/>\nreceiving payment on a 10-year interest rate swap contract.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Bond yields hit fresh records * Rand ends firmer but within range JOHANNESBURG, July 13 (Reuters) &#8211; South African government bond prices hit record highs again on Friday on expectations that the central bank will sit tight on low rates and sound a dovish note next week, while the rand ended a bad week [&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-12390","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\/12390","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=12390"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12390\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}