{"id":7153,"date":"2012-01-18T20:53:53","date_gmt":"2012-01-18T18:53:53","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/s-africas-bonds-firmer-rates-seen-low-for-longer\/"},"modified":"2012-01-18T20:53:53","modified_gmt":"2012-01-18T18:53:53","slug":"s-africas-bonds-firmer-rates-seen-low-for-longer","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-bonds-firmer-rates-seen-low-for-longer\/","title":{"rendered":"S.Africa&#8217;s bonds firmer, rates seen low for longer"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* CPI, PMI, retail sales softer than expected<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bond yields down across curve<\/p>\n<p><span><\/span><\/p>\n<p>* Rand retreats after hitting 6-week high<\/p>\n<p><span><\/span><\/p>\n<p>By Phumza Macanda<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Jan 18 (Reuters) &#8211; South African<br \/>\ngovernment bonds firmed on Wednesday, bringing yields down<br \/>\nacross the curve as the market trimmed its rate increase<br \/>\nexpectations after softer than expected data.<\/p>\n<p><span><\/span><\/p>\n<p>Inflation came in lower than expected at 6.1 percent<br \/>\nyear-on-year in December. PMI data indicated the manufacturing<br \/>\nsector was still sluggish while retail sales data suggested<br \/>\nconsumer spending was not growing as fast as previously<br \/>\nanticipated.<\/p>\n<p><span><\/span><\/p>\n<p>Yields were down nine basis points on both the 2015<br \/>\n and the 2026 benchmark bonds to 6.68 percent<br \/>\nand 8.435 percent respectively.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The CPI number and lower PMI and lower retail sales number<br \/>\nhave all been good for bonds,&#8221; said Ian Scott, bond dealer at<br \/>\nStanlib.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There&#8217;s no urgent need to hike rates soon, monetary policy<br \/>\nis going to remain sideways for longer,&#8221; he added.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* CPI, PMI, retail sales softer than expected * Bond yields down across curve * Rand retreats after hitting 6-week high By Phumza Macanda JOHANNESBURG, Jan 18 (Reuters) &#8211; South African government bonds firmed on Wednesday, bringing yields down across the curve as the market trimmed its rate increase expectations after softer than expected data. [&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-7153","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\/7153","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=7153"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7153\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}