{"id":7117,"date":"2012-01-17T20:49:59","date_gmt":"2012-01-17T18:49:59","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/s-africas-rand-firmer-debt-auction-strong\/"},"modified":"2012-01-17T20:49:59","modified_gmt":"2012-01-17T18:49:59","slug":"s-africas-rand-firmer-debt-auction-strong","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-firmer-debt-auction-strong\/","title":{"rendered":"S.Africa&#8217;s rand firmer, debt auction strong"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Potential for 7.90&#8217;s\/dlr in few days<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Focus on CPI, retail sales and rates verdict<\/p>\n<p><span><\/span><\/p>\n<p>* Bonds steady to firm, decent demand at auction<\/p>\n<p><span><\/span><\/p>\n<p>By Phumza Macanda<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Jan 17 (Reuters) &#8211; South African<br \/>\ngovernment bonds traded steady to firmer on Tuesday after a<br \/>\nweekly debt auction suggested a Fitch downgrade of South<br \/>\nAfrica&#8217;s credit outlook had not damaged demand for local debt.<\/p>\n<p><span><\/span><\/p>\n<p>The rand also firmed against the dollar after strong growth<br \/>\ndata in China and better-than-expected German economic sentiment<br \/>\nboosted global appetite for riskier assets.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was off a one-month highs of 7.9928 hit earlier, as<br \/>\nimporters saw those gains as an opportunity to buy the dollar.<br \/>\nIt traded at 8.05 against the dollar at 1555 GMT, 0.6 percent<br \/>\nfirmer than Monday&#8217;s New York close of 8.1050<\/p>\n<p><span><\/span><\/p>\n<p>Yields on the 2015 bond were unchanged from the<br \/>\nprevious close at 6.77 percent while the longer-dated 2026 note<br \/>\n fell two basis points to 8.525 percent.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We saw a strong risk-on theme initiated by good growth data<br \/>\nout of China but there&#8217;s retracement in the risk this afternoon<br \/>\nwith the euro coming down to the 1.27&#8217;s,&#8221; said Duncan Howes,<br \/>\ntrader at Absa Capital.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Potential for 7.90&#8217;s\/dlr in few days * Focus on CPI, retail sales and rates verdict * Bonds steady to firm, decent demand at auction By Phumza Macanda JOHANNESBURG, Jan 17 (Reuters) &#8211; South African government bonds traded steady to firmer on Tuesday after a weekly debt auction suggested a Fitch downgrade of South Africa&#8217;s [&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-7117","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\/7117","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=7117"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7117\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}