{"id":7313,"date":"2012-01-23T21:03:46","date_gmt":"2012-01-23T19:03:46","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/s-africas-rand-bonds-gain-on-positive-sentiment\/"},"modified":"2012-01-23T21:03:46","modified_gmt":"2012-01-23T19:03:46","slug":"s-africas-rand-bonds-gain-on-positive-sentiment","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-bonds-gain-on-positive-sentiment\/","title":{"rendered":"S.Africa’s rand, bonds gain on positive sentiment"},"content":{"rendered":"

\t\t<\/span><\/p>\n

* Rand firms vs dollar on exporters, risk sentiment pick-up<\/span><\/p>\n

<\/span><\/p>\n

* Government bonds follow currency but gains seen limited<\/p>\n

<\/span><\/p>\n

JOHANNESBURG<\/span> Jan 23 (Reuters) – South Africa’s rand
\ngained against the dollar in afternoon trade on Monday,
\nreversing earlier losses as exporters sold the greenback close
\nto the 8 rand level and as investors hoped Greece would find a
\nsolution avoid a messy default.<\/p>\n

<\/span><\/p>\n

Yields on government bonds were down as prices rose slightly
\nto follow the firmer rand, but dealers see the gains as limited
\nespecially on the shorter end of the curve as investors fret
\nrising inflation in the local economy.<\/p>\n

<\/span><\/p>\n

The rand was 0.44 percent firmer against the dollar
\nat 7.91 by 1541 GMT, compared to a 7.9450 close on Friday.<\/p>\n

<\/span><\/p>\n

Euro zone finance ministers are meeting on Monday to decide
\non the terms of a Greek debt restructuring deal and investors
\nappear to be optimistic, steadily picking up risky assets.<\/p>\n

<\/span><\/p>\n

“It does look like its a function of pent up demand for
\nriskier assets,” said Richard Farber, a trader at WWC Securities
\nin Johannesburg.<\/p>\n

<\/span><\/p>\n

The 2015 bond yield dropped 4 basis points to 6.67
\npercent while the 2026 issue gave up 2.5 basis points
\nto 8.33 percent.<\/p>\n

<\/span><\/p>\n

“And assuming that you get positive sentiment regarding the
\nGreek discussions and a general softening of concerns
\nsurrounding the euro zone sovereign debt crisis, I would imagine
\nthe rand would continue to be better bid but I can’t see bonds
\nbeing too aggressive,” Farber said, adding that the U.S. ten
\nyear bond yield had risen.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

* Rand firms vs dollar on exporters, risk sentiment pick-up * Government bonds follow currency but gains seen limited JOHANNESBURG Jan 23 (Reuters) – South Africa’s rand gained against the dollar in afternoon trade on Monday, reversing earlier losses as exporters sold the greenback close to the 8 rand level and as investors hoped Greece […]<\/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-7313","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\/7313","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=7313"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7313\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}