{"id":6266,"date":"2011-12-20T00:33:17","date_gmt":"2011-12-19T22:33:17","guid":{"rendered":"http:\/\/www.myza.co.za\/12\/s-african-govt-bonds-recoups-some-losses-rand-steady\/"},"modified":"2011-12-20T00:33:17","modified_gmt":"2011-12-19T22:33:17","slug":"s-african-govt-bonds-recoups-some-losses-rand-steady","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-african-govt-bonds-recoups-some-losses-rand-steady\/","title":{"rendered":"S.African govt bonds recoups some losses, rand steady"},"content":{"rendered":"

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

* Rand lacks momentum, liquidity thin<\/span><\/p>\n

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

* Bonds firm a bit, next auction in 2012<\/p>\n

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

JOHANNESBURG<\/span> Dec 19 (Reuters) – South Africa’s
\ngovernment bonds firmed slightly on Monday, recouping some of
\nlast week’s losses and the rand was stuck in tight ranges in
\nthin trading conditions with many dealers off on holiday.<\/p>\n

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

Yields on domestic debt hit multi-week highs last week as
\ndata showed consumer inflation hit 20-month highs and was set to
\nclimb further, diminishing lingering hopes of a rate cut.<\/p>\n

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

“Local bonds are oversold, and it would not be surprising to
\nsee further gains in the week ahead,” Tradition Analytics said
\nin a note.<\/p>\n

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

The yield on the 2015 bond fell three basis points
\nto 6.91 percent while the yield on the 2026 issue was
\ndown five basis points to 8.655 percent.<\/p>\n

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

The local market is quiet and the next bond auction will be
\nin the New Year.<\/p>\n

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

South African bonds have weakened this year and there is
\nlittle respite seen in 2012 if the European debt crisis
\ncontinues and the rand maintains a weaker tone.<\/p>\n

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

The rand was trading at 8.3780 to the dollar at
\n1555 GMT, not far from Friday’s New York close of 8.3750.<\/p>\n

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

The rand is poised to end the year more than 20 percent
\nweaker against the dollar, its worst yearly performance since
\n2008, after hitting a 2-1\/2 year low of 8.61 in November.<\/p>\n

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

Its volatility has helped to boost the currency derivatives
\nmarket, with the value and volumes traded soaring as market
\nplayers use those instruments to hedge against the rand’s
\ngyrations. \t<\/p>\n

(Reporting by Phumza Macanda; editing by Anna Willard)<\/p>\n

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

\n

\t\t\u00a9 Thomson Reuters 2011 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"

* Rand lacks momentum, liquidity thin * Bonds firm a bit, next auction in 2012 JOHANNESBURG Dec 19 (Reuters) – South Africa’s government bonds firmed slightly on Monday, recouping some of last week’s losses and the rand was stuck in tight ranges in thin trading conditions with many dealers off on holiday. Yields on domestic […]<\/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-6266","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\/6266","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=6266"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6266\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}