{"id":6478,"date":"2011-12-28T13:02:29","date_gmt":"2011-12-28T11:02:29","guid":{"rendered":"http:\/\/www.myza.co.za\/12\/s-africas-rand-little-changed-bonds-also-flat\/"},"modified":"2011-12-28T13:02:29","modified_gmt":"2011-12-28T11:02:29","slug":"s-africas-rand-little-changed-bonds-also-flat","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-little-changed-bonds-also-flat\/","title":{"rendered":"S.Africa&#8217;s rand little changed, bonds also flat"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand vulnerable to wide swings in illiquid market<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds flat in lacklustre year-end trade<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Dec 28 &#8211; South Africa&#8217;s rand was little<br \/>\nchanged from its previous close and government bonds were also<br \/>\nlargely flat in sluggish trade on Wednesday, with most players<br \/>\nout of the market until the start of the new year.<\/p>\n<p><span><\/span><\/p>\n<p>The rand traded at 8.1530 against the greenback at<br \/>\n0653 GMT, down just 0.04 percent from Tuesday&#8217;s close.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It&#8217;s been very stagnant, I still think euro zone<br \/>\ndevelopments will be the major driver and the rand will trade<br \/>\naccordingly,&#8221; a Johannesburg rand dealer said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It&#8217;s very thin; and just looking at the price action this<br \/>\nmorning, markets are illiquid. So any kind of big order will<br \/>\ndrive the market in a particular direction. Barring that the<br \/>\neuro zone story will be the main driver for the rand.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>South Africa&#8217;s financial markets reopened on Wednesday after<br \/>\nstaying closed for public holidays on Monday and Tuesday.<\/p>\n<p><span><\/span><\/p>\n<p>Government bonds were steady in early trade, with the yield<br \/>\non the benchmark 2015 bond dipping half a basis point<br \/>\nto 6.75 percent while that for the 2026 bond was flat<br \/>\nat 8.52 percent.<\/p>\n<p><span><\/span><\/p>\n<p>The domestic unit has shed nearly 23 percent of its value<br \/>\nagainst the dollar so far this year, largely due to a global<br \/>\nsell-off of risky assets over fears of contagion from debt<br \/>\nproblems in the euro zone.<\/p>\n<p><span><\/span><\/p>\n<p>Barring a surprise recovery in the last few days of the<br \/>\nyear, it is set for its steepest annual fall since 2008.\t<\/p>\n<p> (Reporting by Stella Mapenzauswa; Editing by Ed Stoddard)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2011 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand vulnerable to wide swings in illiquid market * Bonds flat in lacklustre year-end trade JOHANNESBURG, Dec 28 &#8211; South Africa&#8217;s rand was little changed from its previous close and government bonds were also largely flat in sluggish trade on Wednesday, with most players out of the market until the start of the new [&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-6478","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\/6478","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=6478"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6478\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}