{"id":13613,"date":"2012-08-17T14:54:14","date_gmt":"2012-08-17T12:54:14","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/s-africa-rand-bonds-weaker-lonmin-weighs\/"},"modified":"2012-08-17T14:54:14","modified_gmt":"2012-08-17T12:54:14","slug":"s-africa-rand-bonds-weaker-lonmin-weighs","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-rand-bonds-weaker-lonmin-weighs\/","title":{"rendered":"S.Africa rand, bonds weaker, Lonmin weighs"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Aug 17 (Reuters) &#8211; South Africa&#8217;s rand<br \/>\nweakened against the dollar on Friday partly hit by a dip in<br \/>\nsentiment a day after a police crackdown on striking miners at<br \/>\nLonmin  left more than 30 people dead.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Yields edged higher as government bonds also weakened<br \/>\nalthough local debt still holds appeal in the long term because<br \/>\nof much higher returns that those offered by safer havens.<\/p>\n<p><span><\/span><\/p>\n<p>By 0644 GMT the rand was 0.34 percent weaker at<br \/>\n8.2510 against the dollar after closing at 8.2230 in New York on<br \/>\nThursday.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The mining story has gotten a lot of international play and<br \/>\nI see it affecting short-term sentiment although I don&#8217;t see it<br \/>\nlasting too long,&#8221; a rand trader in Johannesburg said.<\/p>\n<p><span><\/span><\/p>\n<p>Heavily armed South African police patrolled Lonmin&#8217;s<br \/>\nMarikana platinum mine on Friday after the crackdown, which drew<br \/>\ncomparisons with apartheid-era brutality.<\/p>\n<p><span><\/span><\/p>\n<p>Governments retreated slightly, and the yield on the heavily<br \/>\ntraded 14-year government bond edged up half a basis<br \/>\npoint to 7.67 percent while that for the three-year bond<br \/>\n was up one basis points at 5.595 percent.<\/p>\n<p><span><\/span><\/p>\n<p>South Africa&#8217;s yield spread over US Treasuries and many<br \/>\nother developed market bonds remains attractively wide,<br \/>\nTradition Analytics said in a note.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Portfolio flows into South Africa are not therefore likely<br \/>\nto dry up completely any time soon,&#8221; it added.<\/p>\n<p> (Reporting by Stella Mapenzauswa; Editing by David Dolan)<\/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 17 (Reuters) &#8211; South Africa&#8217;s rand weakened against the dollar on Friday partly hit by a dip in sentiment a day after a police crackdown on striking miners at Lonmin left more than 30 people dead. Yields edged higher as government bonds also weakened although local debt still holds appeal in the long [&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-13613","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\/13613","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=13613"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13613\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}