{"id":13499,"date":"2012-08-15T02:43:08","date_gmt":"2012-08-15T00:43:08","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/s-africas-rand-steady-sees-support-from-bond-flows\/"},"modified":"2012-08-15T02:43:08","modified_gmt":"2012-08-15T00:43:08","slug":"s-africas-rand-steady-sees-support-from-bond-flows","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-steady-sees-support-from-bond-flows\/","title":{"rendered":"S.Africa&#8217;s rand steady, sees support from bond flows"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Aug 14 (Reuters) &#8211; The rand held its ground<br \/>\nagainst the dollar in thin Tuesday trade, with steady foreign<br \/>\nflows into government bonds ahead of their inclusion in a key<br \/>\nglobal index in October seen supporting local assets in coming<br \/>\nweeks.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>The currency and debt markets took this week&#8217;s violence<br \/>\nbetween rival unions at platinum producer Lonmin<br \/>\n in their stride, although sentiment could turn negative<br \/>\nif clashes spread to other mines.<\/p>\n<p><span><\/span><\/p>\n<p>By 1655 GMT the rand was at 8.1685\/dollar, barely<br \/>\nchanged from Monday&#8217;s close at 8.1640.<\/p>\n<p><span><\/span><\/p>\n<p>With little on the local calendar to drive markets, the<br \/>\nfocus was still mainly on the global arena where hopes of policy<br \/>\neasing to help struggling leading economies has triggered carry<br \/>\ntrades in favour of high-yielding emerging market assets.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Over the short term, we would not be surprised to see<br \/>\nthe rand enjoying some buoyancy into hopes in global markets for<br \/>\ndecisive action from the big central banks,&#8221; Standard Bank<br \/>\nstrategists Bruce Donald and Varushka Singh said in a note.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The rand should receive more support in the coming weeks<br \/>\nfrom World Government Bond Index related flows.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>Data shows foreign accounts have bought more than 50 billion<br \/>\nrand worth of local bonds since Citigroup announced it would<br \/>\ninclude South African debt into the index, tracked by many fund<br \/>\nmanagers.<\/p>\n<p><span><\/span><\/p>\n<p>Bonds however weakened on Tuesday, partly due to the<br \/>\nNational Treasury injecting 2.1 billion rand of new paper at its<br \/>\nweekly primary auction.<\/p>\n<p><span><\/span><\/p>\n<p>The yield on the three-year benchmark edged up a<br \/>\nbasis point to 5.68 percent while that for the 14-year issue<br \/>\n was up four basis points at 7.49 percent.<\/p>\n<p> (Reporting by Stella Mapenzauswa; editing by Ron Askew)<\/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 Aug 14 (Reuters) &#8211; The rand held its ground against the dollar in thin Tuesday trade, with steady foreign flows into government bonds ahead of their inclusion in a key global index in October seen supporting local assets in coming weeks. The currency and debt markets took this week&#8217;s violence between rival unions at [&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-13499","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\/13499","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=13499"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13499\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}