{"id":7224,"date":"2012-01-20T20:57:05","date_gmt":"2012-01-20T18:57:05","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/safrican-sterm-bonds-weak-rand-sees-best-wk-since-nov\/"},"modified":"2012-01-20T20:57:05","modified_gmt":"2012-01-20T18:57:05","slug":"safrican-sterm-bonds-weak-rand-sees-best-wk-since-nov","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/safrican-sterm-bonds-weak-rand-sees-best-wk-since-nov\/","title":{"rendered":"SAfrican s\/term bonds weak, rand sees best wk since Nov"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Government yield curve flattens<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Market expects rates to rise<\/p>\n<p><span><\/span><\/p>\n<p>* Rand sees best week since Nov<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Jan 20 (Reuters) &#8211; South African market<br \/>\nplayers dumped shorter-dated bonds on Friday for the long end of<br \/>\nthe curve after hawkish central bank comments on Thursday.<\/p>\n<p><span><\/span><\/p>\n<p>Shorter dated bonds are more sensitive to interest rate<br \/>\nexpectations and the central bank&#8217;s view that the inflation<br \/>\noutlook has deteriorated hardened expectations of rate<br \/>\nincreases.<\/p>\n<p><span><\/span><\/p>\n<p>The rand ended weaker against the dollar on Friday, losing<br \/>\nsteam after hitting two-month highs of 7.8976 late on Thursday.<\/p>\n<p><span><\/span><\/p>\n<p>Even with Friday&#8217;s slight weakness, the rand ended the week<br \/>\ntwo percent firmer &#8211; its best week since late-November.<\/p>\n<p><span><\/span><\/p>\n<p>The yield on the shorter-dated 2015 bond was up<br \/>\nfour basis points to 6.71 percent and that on the 2026 note<br \/>\n fell 4.5 basis points to 8.355 percent.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The central bank was a lot more hawkish that people<br \/>\nexpected,&#8221; Ion de Vleeschauwer, chief dealer at Bidvest.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Government yield curve flattens * Market expects rates to rise * Rand sees best week since Nov JOHANNESBURG, Jan 20 (Reuters) &#8211; South African market players dumped shorter-dated bonds on Friday for the long end of the curve after hawkish central bank comments on Thursday. Shorter dated bonds are more sensitive to interest rate [&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-7224","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\/7224","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=7224"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7224\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}