{"id":6127,"date":"2011-12-15T00:19:02","date_gmt":"2011-12-14T22:19:02","guid":{"rendered":"http:\/\/www.myza.co.za\/12\/s-african-govt-bond-weak-yields-at-multi-week-highs\/"},"modified":"2011-12-15T00:19:02","modified_gmt":"2011-12-14T22:19:02","slug":"s-african-govt-bond-weak-yields-at-multi-week-highs","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-african-govt-bond-weak-yields-at-multi-week-highs\/","title":{"rendered":"S.African govt bond weak, yields at multi-week highs"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Govt bonds weaken, CPI adds to negative mood<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Rand at 2-wk lows, to remain under pressure<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Dec 14 (Reuters) &#8211; South Africa&#8217;s<br \/>\ngovernment bonds fell on Wednesday after data showed inflation<br \/>\nhit 20-month highs in November, diminishing lingering hopes of<br \/>\nan interest rate cut next year.<\/p>\n<p><span><\/span><\/p>\n<p>The data added to negative sentiment that was already<br \/>\ndriving markets weaker and saw the rand hit two-week lows.<\/p>\n<p><span><\/span><\/p>\n<p>Yields climbed to multi-week highs as inflation pierced the<br \/>\n3-6 percent target band for the first since Jan.<br \/>\n2010.<\/p>\n<p><span><\/span><\/p>\n<p>The yield on the 2015 government bond went up 12.5<br \/>\nbasis points to 7.025 percent and that on the 2026 note<br \/>\n rose 14.5 basis points at 8.78 percent.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The bond weakness is mainly on the back of the rand and<br \/>\nthere&#8217;s also not that much liquidity in the market so moves tend<br \/>\nto be exaggerated,&#8221; said a bond dealer at Stanlib.<\/p>\n<p><span><\/span><\/p>\n<p>The rand fell as much as 0.5 percent to a fresh two<br \/>\nweek low at 8.4075. It was trading at 8.40 percent at 1527 GMT,<br \/>\nfrom Tuesday&#8217;s New York close of 8.36.<\/p>\n<p><span><\/span><\/p>\n<p>Should the rand weaken even further, it will add upward<br \/>\npressure to inflation over the next few months and bonds could<br \/>\nremain on the backfoot for a while.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Govt bonds weaken, CPI adds to negative mood * Rand at 2-wk lows, to remain under pressure JOHANNESBURG Dec 14 (Reuters) &#8211; South Africa&#8217;s government bonds fell on Wednesday after data showed inflation hit 20-month highs in November, diminishing lingering hopes of an interest rate cut next year. The data added to negative sentiment [&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-6127","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\/6127","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=6127"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6127\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}