{"id":7350,"date":"2012-01-24T21:08:11","date_gmt":"2012-01-24T19:08:11","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/update-1-strong-demand-at-s-africa-auction-pushes-down-yields\/"},"modified":"2012-01-24T21:08:11","modified_gmt":"2012-01-24T19:08:11","slug":"update-1-strong-demand-at-s-africa-auction-pushes-down-yields","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-strong-demand-at-s-africa-auction-pushes-down-yields\/","title":{"rendered":"UPDATE 1-Strong demand at S.Africa auction pushes down yields"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Demand at auction drives yields down<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Treasury likely to issue new bonds at next budget<\/p>\n<p><span><\/span><\/p>\n<p>* Rand breaks key support at 8.00<\/p>\n<p> (Adds details, background, analyst comment)<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Jan 24 (Reuters) &#8211; Strong demand at<br \/>\nSouth Africa&#8217;s weekly debt auction pushed yields lower on<br \/>\nTuesday, with dealers saying offshore investors were the likely<br \/>\nbuyers.<\/p>\n<p><span><\/span><\/p>\n<p>The National Treasury offered and sold 1.1 billion rand<br \/>\n($138.86 million) of 2017 paper at a lower yield,<br \/>\nafter receiving 4.95 billion rand worth of bids for the bond.<\/p>\n<p><span><\/span><\/p>\n<p>The 5-year bond cleared at a yield of 7.3 percent, down from<br \/>\n7.47 percent at its last sale in October and was covered 4.5<br \/>\ntimes.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Very strong bids in auction today. The R203 cleared 5 basis<br \/>\npoints below market and the R208 at 3 basis points below.<br \/>\nSomeone obviously wanted them,&#8221; said Steve Arnold, a bond trader<br \/>\nat Investec Bank.<\/p>\n<p><span><\/span><\/p>\n<p>There was talk that offshore buyers were snapping up bonds<br \/>\nbut the Johannesburg Stock Exchange will not release<br \/>\nthose statistics until the end of trade.<\/p>\n<p><span><\/span><\/p>\n<p>The longer-dated 2021 issue was 2.535 times<br \/>\nsubscribed, clearing at a much lower yield of 7.85 percent from<br \/>\n8.13 percent previously.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Demand at auction drives yields down * Treasury likely to issue new bonds at next budget * Rand breaks key support at 8.00 (Adds details, background, analyst comment) JOHANNESBURG, Jan 24 (Reuters) &#8211; Strong demand at South Africa&#8217;s weekly debt auction pushed yields lower on Tuesday, with dealers saying offshore investors were the likely [&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-7350","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\/7350","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=7350"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7350\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}