{"id":12607,"date":"2012-07-20T13:05:35","date_gmt":"2012-07-20T11:05:35","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/s-africa-bond-yields-fall-to-fresh-lows-rand-eases\/"},"modified":"2012-07-20T13:05:35","modified_gmt":"2012-07-20T11:05:35","slug":"s-africa-bond-yields-fall-to-fresh-lows-rand-eases","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-bond-yields-fall-to-fresh-lows-rand-eases\/","title":{"rendered":"S.Africa bond yields fall to fresh lows, rand eases"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Bonds rally to fresh highs<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Inflation-linked bond sale at 0900 GMT<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, July 20<\/span> (Reuters) &#8211; Yields on South African<br \/>\ndebt extended lows to fresh records on Friday morning, supported<br \/>\nby an interest rate cut in the previous session, while the rand<br \/>\nweakened due to the bleak domestic and global economic outlooks.<\/p>\n<p><span><\/span><\/p>\n<p>The Reserve Bank surprised the market On Thursday by cutting<br \/>\nits repo rate by 50 basis points to 5 percent. It also cut its<br \/>\ngrowth and inflation forecasts.<\/p>\n<p><span><\/span><\/p>\n<p>The yield on the 2015 bond dropped to a record<br \/>\n5.32 percent, while the 2021 issue fell to 6.425<br \/>\npercent.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was down 0.3 percent to 8.20 at 0650 GMT,<br \/>\noff a 8.1750 close in New York on Thursday.<\/p>\n<p><span><\/span><\/p>\n<p>Analysts say closes above the 8.20 level will signal<br \/>\nconvincing rand weakness.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Yesterday&#8217;s monetary accommodation could encourage foreign<br \/>\nbondholders due to the capital appreciation gains they would<br \/>\nhave enjoyed as result of yesterday&#8217;s rate cut,&#8221; Absa Capital<br \/>\nsaid in a note.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Especially if they believe that yesterday&#8217;s monetary<br \/>\naccommodation is unlikely to be a one-off affair.&#8221;<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Bonds rally to fresh highs * Inflation-linked bond sale at 0900 GMT JOHANNESBURG, July 20 (Reuters) &#8211; Yields on South African debt extended lows to fresh records on Friday morning, supported by an interest rate cut in the previous session, while the rand weakened due to the bleak domestic and global economic outlooks. 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-12607","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\/12607","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=12607"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12607\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}