{"id":14985,"date":"2012-09-27T04:58:04","date_gmt":"2012-09-27T02:58:04","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/s-africa-bond-yields-hit-fresh-low-rand-stable-vs-dollar\/"},"modified":"2012-09-27T04:58:04","modified_gmt":"2012-09-27T02:58:04","slug":"s-africa-bond-yields-hit-fresh-low-rand-stable-vs-dollar","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-bond-yields-hit-fresh-low-rand-stable-vs-dollar\/","title":{"rendered":"S.Africa bond yields hit fresh low, rand stable vs dollar"},"content":{"rendered":"

\t\t<\/span><\/p>\n

JOHANNESBURG, Sept 26<\/span> (Reuters) – South African government
\nbond yields fell to new lows on Wednesday as the country’s bond
\nmarket is set to become the first in Africa to join Citi’s
\ninfluential World Government Bond Index on Oct. 1.<\/span><\/p>\n

<\/span><\/p>\n

Africa’s biggest economy will become the 23rd member of the
\nWGBI. There will be 12 South African government bonds included,
\nwith a market value of $93.82 billion, representing 0.45 percent
\nof the index, Citi said on Wednesday.<\/p>\n

<\/span><\/p>\n

Mexico, Malaysia, Singapore and Poland are the four other
\nemerging market countries in the index.<\/p>\n

<\/span><\/p>\n

The yield on South Africa’s 2015 and 2021
\n bonds fell to record lows of 5.295 percent and 6.44
\npercent respectively.<\/p>\n

<\/span><\/p>\n

Analysts said bonds are likely to be supported by inflows
\nfrom offshore investors who previously had no exposure to South
\nAfrican government debt.<\/p>\n

<\/span><\/p>\n

“We’re expecting there will be some passive inflows as a
\nresult of index trackers that are having to increase their
\nweighting,” said Michael Grobler, fixed income analyst at
\nAfrifocus Securities. “We think we’ve seen anything between 55
\nand 70 percent of WGBI-related inflows that has already been
\ndeployed.”<\/p>\n

<\/span><\/p>\n

Market anticipation of the WGBI inclusion and the absence of
\nany local data releases helped keep the rand stable against the
\ndollar.<\/p>\n

<\/span><\/p>\n

It was trading at 8.2350 to the dollar at 1607 GMT,
\nunchanged from Tuesday’s close.<\/p>\n

(Reporting by Tosin Sulaiman; editing by Ron Askew)<\/p>\n

<\/span><\/p>\n

\n

\t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"

JOHANNESBURG, Sept 26 (Reuters) – South African government bond yields fell to new lows on Wednesday as the country’s bond market is set to become the first in Africa to join Citi’s influential World Government Bond Index on Oct. 1. Africa’s biggest economy will become the 23rd member of the WGBI. There will be 12 […]<\/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-14985","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\/14985","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=14985"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14985\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}