{"id":13575,"date":"2012-08-16T14:51:32","date_gmt":"2012-08-16T12:51:32","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/s-africa-bonds-yields-rise-on-oil-food-prices\/"},"modified":"2012-08-16T14:51:32","modified_gmt":"2012-08-16T12:51:32","slug":"s-africa-bonds-yields-rise-on-oil-food-prices","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-bonds-yields-rise-on-oil-food-prices\/","title":{"rendered":"S.Africa bonds yields rise on oil, food prices"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Aug 16 (Reuters) &#8211; South Africa&#8217;s rand<br \/>\nweakened on Thursday while government bond yields climbed in<br \/>\nline with global debt market trends amid a deterioriating<br \/>\ninflation outlook due to rising oil and food prices rises.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>However, the sell-off of local debt was partly off-set by<br \/>\nsteady demand from fund managers that track Citigroup&#8217;s<br \/>\ninfluential World Government Bond Index, which South Africa is<br \/>\nset to join in October.<\/p>\n<p><span><\/span><\/p>\n<p>The yield on the heavily traded 14-year government bond<br \/>\n rose four basis points to 7.61 percent in early trade,<br \/>\nand that for the three-year bond added three basis<br \/>\npoints to 5.71 percent.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It&#8217;s all in line with what&#8217;s happening internationally<br \/>\nwhere the U.S. tenure and all other yields across the world are<br \/>\nrising as the global inflation picture worsens,&#8221; said Marten<br \/>\nBanninga, head of bond trading at WWC Securities.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Also the statement by Finance Minister Pravin Gordhan that<br \/>\ndomestic growth will be lower than current estimates is a clear<br \/>\nindication than government funding may need to increase this<br \/>\nyear.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>The Treasury in February forecast growth of 2.7 percent for<br \/>\n2012 but Gordhan reiterated during a visit to Argentina this<br \/>\nweek that output might undercut the estimate as a downturn in<br \/>\nEurope weighs.<\/p>\n<p><span><\/span><\/p>\n<p>By 0659 GMT the rand was 0.43 percent weaker at<br \/>\n8.2725 against the dollar, pulling away from recent three-month<br \/>\nhighs as waning expectations of policy easing in the U.S.<br \/>\nboosted the greenback against most major currencies.<\/p>\n<p> (Reporting by Stella Mapenzauswa; Editing by Ed Cropley)<\/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 16 (Reuters) &#8211; South Africa&#8217;s rand weakened on Thursday while government bond yields climbed in line with global debt market trends amid a deterioriating inflation outlook due to rising oil and food prices rises. However, the sell-off of local debt was partly off-set by steady demand from fund managers that track Citigroup&#8217;s influential [&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-13575","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\/13575","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=13575"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13575\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}