{"id":7191,"date":"2012-01-19T20:55:41","date_gmt":"2012-01-19T18:55:41","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/s-african-bond-yields-rise-on-hawkish-cbank\/"},"modified":"2012-01-19T20:55:41","modified_gmt":"2012-01-19T18:55:41","slug":"s-african-bond-yields-rise-on-hawkish-cbank","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-african-bond-yields-rise-on-hawkish-cbank\/","title":{"rendered":"S.African bond yields rise on hawkish cbank"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Bank hints rate cuts off the table<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bank statement more hawkish than market expected<\/p>\n<p><span><\/span><\/p>\n<p>* Rand holds to gains, current levels seen sustained<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Jan 19 (Reuters) &#8211; South African<br \/>\ngovernment bond yields rose after the Reserve Bank kept its key<br \/>\nrepo rate on hold on Thursday, saying the inflation outlook had<br \/>\ndeteriorated and signalling a more hawkish tone than the market<br \/>\nhad expected.<\/p>\n<p><span><\/span><\/p>\n<p>The rand largely held on to the day&#8217;s gains against the<br \/>\ndollar after Governor Gill Marcus announced the key repo rate<br \/>\nwould stay unchanged at 5.5 percent, as expected.<\/p>\n<p><span><\/span><\/p>\n<p>The yield on the 2015 bond rose to 6.67 percent<br \/>\nfrom 6.63 percent just before Marcus&#8217;s announcement, although it<br \/>\nwas down one basis point on the day.<\/p>\n<p><span><\/span><\/p>\n<p>The yield for the longer-dated 2026 issue was<br \/>\nslightly higher at 8.4 percent at the close, from 8.38 percent<br \/>\njust before the rates announcement at 1318 GMT.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We saw the curve sell off a little bit after the speech.<br \/>\nThere was no movement (in rates) as expected but the tone of the<br \/>\nmeeting was a little bit more hawkish than the market perhaps<br \/>\nhad priced in,&#8221; Absa Capital bond trader Daniel Sabiston said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The 157&#8217;s have sold off a bit &#8230; so that&#8217;s put a little<br \/>\nbit of pressure on the short end of the curve, but we&#8217;ve<br \/>\ncontinued to see buying on the long end so that&#8217;s basically<br \/>\nflattened out the bond curve.&#8221;<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Bank hints rate cuts off the table * Bank statement more hawkish than market expected * Rand holds to gains, current levels seen sustained JOHANNESBURG, Jan 19 (Reuters) &#8211; South African government bond yields rose after the Reserve Bank kept its key repo rate on hold on Thursday, saying the inflation outlook had deteriorated [&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-7191","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\/7191","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=7191"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7191\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}