{"id":8623,"date":"2012-03-06T14:56:12","date_gmt":"2012-03-06T12:56:12","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/s-africas-rand-weaker-bonds-steady\/"},"modified":"2012-03-06T14:56:12","modified_gmt":"2012-03-06T12:56:12","slug":"s-africas-rand-weaker-bonds-steady","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-weaker-bonds-steady\/","title":{"rendered":"S.Africa&#8217;s rand weaker, bonds steady"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Bonds little-changed, waiting for auction<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Rand seen trading within 7.62-65<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, March 6<\/span> (Reuters) &#8211; South Africa&#8217;s rand<br \/>\nopened weaker against the dollar on Tuesday as lower growth<br \/>\nexpectations for China saw investors cutting their exposure to<br \/>\ncommodity-linked currencies, while euro weakness may also drag<br \/>\nthe local currency down.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was trading at 7.5751 against the dollar<br \/>\nat 0700 GMT, 0.27 percent weaker than Monday&#8217;s New York close of<br \/>\n7.755.<\/p>\n<p><span><\/span><\/p>\n<p>However, analysts said they expected foreign interest in a<br \/>\nTreasury auction of 2.1 billion rand of 2018, 2021<br \/>\n and 2041 government bonds at 0900 GMT, which<br \/>\nshould support the rand.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We expect offshore buying again, continuing the buying seen<br \/>\nat the last few auctions,&#8221; Rand Merchant Bank (RMB)said in a<br \/>\nnote.<\/p>\n<p><span><\/span><\/p>\n<p>RMB noted there had been very little local interest at<br \/>\nrecent auctions, suggesting the government could struggle to<br \/>\nraise the planned funds should foreigners not participate.<\/p>\n<p><span><\/span><\/p>\n<p>Government bonds were little-changed ahead of the auction.<br \/>\nYields on the two main benchmarks inched up one basis point<br \/>\neach, to 6.7 percent on the 2015 issue and 8.315<br \/>\npercent on the 2026 bond.<\/p>\n<p><span><\/span><\/p>\n<p>On the bourse, stocks looked set for a lower start, with the<br \/>\nMarch futures contract of the JSE&#8217;s blue-chip Top-40<br \/>\ndown 0.62 percent before the 0700 GMT start of trade.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Bonds little-changed, waiting for auction * Rand seen trading within 7.62-65 JOHANNESBURG, March 6 (Reuters) &#8211; South Africa&#8217;s rand opened weaker against the dollar on Tuesday as lower growth expectations for China saw investors cutting their exposure to commodity-linked currencies, while euro weakness may also drag the local currency down. The rand was trading [&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-8623","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\/8623","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=8623"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8623\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}