{"id":6908,"date":"2012-01-10T20:33:06","date_gmt":"2012-01-10T18:33:06","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/s-africas-rand-breaks-losing-streak-bonds-rise\/"},"modified":"2012-01-10T20:33:06","modified_gmt":"2012-01-10T18:33:06","slug":"s-africas-rand-breaks-losing-streak-bonds-rise","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-breaks-losing-streak-bonds-rise\/","title":{"rendered":"S.Africa&#8217;s rand breaks losing streak, bonds rise"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand turns positive after last week&#8217;s losses vs dollar<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds follow currency firmer, auctions see good demand<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Jan 10 (Reuters) &#8211; South Africa&#8217;s rand<br \/>\nfirmed for the first day in five on Tuesday as risk sentiment<br \/>\nimproved with positive signals out of the Unites States, which<br \/>\nin turn helped bond prices higher.<\/p>\n<p><span><\/span><\/p>\n<p>The rand broke the 8.10\/12 resistance area to trade at<br \/>\n8.0625, making 1.1 percent worth of gains against the dollar on<br \/>\nthe day. It closed at 8.15 in New York on Monday.<\/p>\n<p><span><\/span><\/p>\n<p>Analysts see little chance for the rand to break the big 8<br \/>\nrand level without a convincing rally from the euro.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Euro\/dollar has struggled to rally much beyond 1.2800 and<br \/>\nthis has limited any further dollar\/rand downside, as has<br \/>\ntraders buying on dips below 8.1000. I don&#8217;t think USD\/ZAR is<br \/>\ngoing to break below 8.0000 anytime soon,&#8221; said Christopher<br \/>\nShiells of Informa Global Markets.<\/p>\n<p><span><\/span><\/p>\n<p>The firmer rand helped to drag bond yields, which trade<br \/>\ninversely to the price, to a week low.<\/p>\n<p><span><\/span><\/p>\n<p>The yield on the three-year bond closed at 6.80<br \/>\npercent from 6.885 percent on Monday and the fourteen year yield<br \/>\n ended at 8.575 percent from 8.67 percent previously.<\/p>\n<p><span><\/span><\/p>\n<p>Treasury held its first fixed income auction for the year<br \/>\nwhich saw healthy demand even though some players were said to<br \/>\nbe holding back.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand turns positive after last week&#8217;s losses vs dollar * Bonds follow currency firmer, auctions see good demand JOHANNESBURG Jan 10 (Reuters) &#8211; South Africa&#8217;s rand firmed for the first day in five on Tuesday as risk sentiment improved with positive signals out of the Unites States, which in turn helped bond prices higher. [&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-6908","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\/6908","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=6908"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6908\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}