{"id":7790,"date":"2012-02-09T01:49:03","date_gmt":"2012-02-08T23:49:03","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/s-african-bonds-weaken-rand-steady-eyeing-greece\/"},"modified":"2012-02-09T01:49:03","modified_gmt":"2012-02-08T23:49:03","slug":"s-african-bonds-weaken-rand-steady-eyeing-greece","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-african-bonds-weaken-rand-steady-eyeing-greece\/","title":{"rendered":"S.African bonds weaken, rand steady, eyeing Greece"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand rangebound, eyes on Greece<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds sell off, yields rise<\/p>\n<p><span><\/span><\/p>\n<p>* State of Nation address on Thursday<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Feb 8 (Reuters) &#8211; South Africa&#8217;s<br \/>\ngovernment bonds fell further on Wednesday while the rand<br \/>\nsteadied despite reports the government is considering a mining<br \/>\nwealth fund that could be used to cap the currency&#8217;s gains, and<br \/>\nas markets awaited news of a new Greek bailout.<\/p>\n<p><span><\/span><\/p>\n<p>Bond yields rose for a third day, with the 2015 bond yield<br \/>\nrising five basis points to 6.58 percent and that on the 2026<br \/>\nissue up 6.5 basis points to 8.32 percent, as<br \/>\nprofit-taking following strong gains last week was extended.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The market went too far at the end of January and beginning<br \/>\nof February so this is just a bit of correction,&#8221; said Ian<br \/>\nScott, a bond dealer at Stanlib.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We&#8217;ve had a good retracement and it will now be<br \/>\nrand-dependent and also what comes out of Greece.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>The rand  was stuck in a familiar narrow range as dealers<br \/>\nwaited for news on a fresh 130 billion euro bailout needed to<br \/>\nprevent a chaotic debt default by Greece next month.<\/p>\n<p><span><\/span><\/p>\n<p>Market reaction was muted to a report that the ruling<br \/>\nAfrican National Congress is considering using proceeds of a<br \/>\nproposed mining tax to build a sovereign wealth fund to<br \/>\nintervene in the currency market.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand rangebound, eyes on Greece * Bonds sell off, yields rise * State of Nation address on Thursday JOHANNESBURG, Feb 8 (Reuters) &#8211; South Africa&#8217;s government bonds fell further on Wednesday while the rand steadied despite reports the government is considering a mining wealth fund that could be used to cap the currency&#8217;s gains, [&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-7790","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\/7790","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=7790"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7790\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}