{"id":8837,"date":"2012-03-12T15:07:33","date_gmt":"2012-03-12T13:07:33","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/s-african-rand-steadies-against-dollar-bonds-weaker\/"},"modified":"2012-03-12T15:07:33","modified_gmt":"2012-03-12T13:07:33","slug":"s-african-rand-steadies-against-dollar-bonds-weaker","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-african-rand-steadies-against-dollar-bonds-weaker\/","title":{"rendered":"S.African rand steadies against dollar, bonds weaker"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand could gain as global risk appetite improves<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds weaker as investors favour U.S. Treasuries<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, March 12<\/span> (Reuters) &#8211; South Africa&#8217;s rand<br \/>\nwas largely flat against the dollar in early Monday trade but<br \/>\ngovernment bonds weakened, with investors opting for U.S.<br \/>\nTreasuries as data pointed to a better outlook for the world&#8217;s<br \/>\nlargest economy.<\/p>\n<p><span><\/span><\/p>\n<p>By 0712 GMT the local currency was at 7.5745 to the<br \/>\ngreenback, barely changed from Friday&#8217;s closing level of 7.5735.<\/p>\n<p><span><\/span><\/p>\n<p>In the fixed income market, the yield on the benchmark 2015<br \/>\nbond added one basis point to 6.68 percent and that<br \/>\nfor the 14-year paper was up 1.5 basis points at 8.315<br \/>\npercent.<\/p>\n<p><span><\/span><\/p>\n<p>Traders said local bonds were moving in direct contrast with<br \/>\nU.S. Treasuries which ticked up, partly boossted by weak trade<br \/>\ndata from China.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There&#8217;s nothing on the local front to drive our market<br \/>\neither way, we&#8217;re taking our direction from overseas,&#8221; a trader<br \/>\nin Johannesburg said, adding the outlook on domestic rates was<br \/>\nunchanged, with the Reserve Bank seen maintaining its &#8220;on-hold&#8221;<br \/>\nstance on rates this year.<\/p>\n<p><span><\/span><\/p>\n<p>The rand could rally this week as a more favourable outlook<br \/>\nfor the U.S. &#8212; after better-than-expected jobs data on Friday<br \/>\n&#8212; lifts risk appetite global.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We expect the rand to enjoy a firmer bias this week and<br \/>\nstill believe that it is headed higher over the medium term,<br \/>\nespecially now that sovereign debt concerns in Europe seem to<br \/>\nhave been put on the back burner and some respite in oil price<br \/>\nrises,&#8221; Absa Capital said in a note.\t<\/p>\n<p> (Reporting by Stella Mapenzauswa; editing by David Dolan)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand could gain as global risk appetite improves * Bonds weaker as investors favour U.S. Treasuries JOHANNESBURG, March 12 (Reuters) &#8211; South Africa&#8217;s rand was largely flat against the dollar in early Monday trade but government bonds weakened, with investors opting for U.S. Treasuries as data pointed to a better outlook for the world&#8217;s [&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-8837","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\/8837","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=8837"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8837\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}