{"id":7511,"date":"2012-01-30T21:20:36","date_gmt":"2012-01-30T19:20:36","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/risk-aversion-hits-s-africas-rand-bonds\/"},"modified":"2012-01-30T21:20:36","modified_gmt":"2012-01-30T19:20:36","slug":"risk-aversion-hits-s-africas-rand-bonds","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/risk-aversion-hits-s-africas-rand-bonds\/","title":{"rendered":"Risk aversion hits S.Africa&#8217;s rand, bonds"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand could see 7.95\/dollar<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds follow rand weaker, yields up<\/p>\n<p><span><\/span><\/p>\n<p>* Credit, money supply data Tuesday<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Jan 30 (Reuters) &#8211; South Africa&#8217;s rand<br \/>\nfell more than 1 percent on Monday as investors globally shunned<br \/>\nrisky assets and data showing a narrowing budget deficit failed<br \/>\nto encourage investors as public finances are expected to be<br \/>\nunder pressure over the next few years.<\/p>\n<p><span><\/span><\/p>\n<p>Government bonds also fell, with some dealers saying local<br \/>\nassets were also hit by profit taking after strong gains last<br \/>\nweek.<\/p>\n<p><span><\/span><\/p>\n<p>South Africa&#8217;s budget deficit narrowed in the first nine<br \/>\nmonths of the financial year but it is expected to be hit by<br \/>\nweak revenue over the next few years.<\/p>\n<p><span><\/span><\/p>\n<p>The markets were pre-occupied with the euro zone debt crisis<br \/>\nand risk aversion re-emerged due to the lack of a breakthrough<br \/>\nin Greece&#8217;s talks with its private creditors on a debt swap.<br \/>\nAthens needs to secure an agreement to gain access to its second<br \/>\nbailout and avoid a disorderly default.<\/p>\n<p><span><\/span><\/p>\n<p>The rand fell more than 1.3 percent to a session<br \/>\nlow of 7.8750.<\/p>\n<p><span><\/span><\/p>\n<p>By 1520 GMT, it was trading at 7.86 to the dollar compared<br \/>\nwith Friday&#8217;s New York close of 7.77.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand could see 7.95\/dollar * Bonds follow rand weaker, yields up * Credit, money supply data Tuesday JOHANNESBURG, Jan 30 (Reuters) &#8211; South Africa&#8217;s rand fell more than 1 percent on Monday as investors globally shunned risky assets and data showing a narrowing budget deficit failed to encourage investors as public finances are expected [&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-7511","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\/7511","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=7511"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7511\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}