{"id":8958,"date":"2012-03-15T15:13:04","date_gmt":"2012-03-15T13:13:04","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/s-african-bonds-extend-losses-rand-steady\/"},"modified":"2012-03-15T15:13:04","modified_gmt":"2012-03-15T13:13:04","slug":"s-african-bonds-extend-losses-rand-steady","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-african-bonds-extend-losses-rand-steady\/","title":{"rendered":"S.African bonds extend losses, rand steady"},"content":{"rendered":"

\t\t<\/span><\/p>\n

* Government bonds weaken alongside U.S Treasuries<\/span><\/p>\n

<\/span><\/p>\n

* Rand steady<\/p>\n

<\/span><\/p>\n

JOHANNESBURG, March 15<\/span> (Reuters) – South African
\ngovernment bonds extended their losses on Thursday with yields
\njumping to almost 3 three-month highs in tandem with U.S.
\nTreasuries, which were weighed by the Fed’s acknowledgement of
\nsome improvement in America’s economy.<\/p>\n

<\/span><\/p>\n

The yield on the 2015 bond climbed seven basis to
\n6.91 percent and on the longer dated paper up six basis points
\nto 8.515 percent, extending Wednesday’s losses when yields
\nspiked by as much as 17 basis points.<\/p>\n

<\/span><\/p>\n

“It’s obviously on the back of the U.S. ten-year bond, which
\nis up quite a bit,” said a local Johannesburg bond dealer.<\/p>\n

<\/span><\/p>\n

The two-year U.S Treasury note yield hit its highest since
\nJuly, lessening the attraction of using the dollar to
\nfund carry trades.<\/p>\n

<\/span><\/p>\n

Traders also alluded to a local corporate securitisation
\nissue which could have also pushed yields up on Wednesday.<\/p>\n

<\/span><\/p>\n

No local data is expected to spur the market, though bond
\ndealers will watch the U.S. Treasury January international
\ncapital flows report, which summarises how the bond market has
\nbeen playing out.<\/p>\n

<\/span><\/p>\n

The rand was trading at 7.6904 against the
\ngreenback at 0620 GMT, little changed from than Wednesday’s New
\nYork close of 7.6975.<\/p>\n

<\/span><\/p>\n

Stocks opened higher, with the JSE’s blue-chip Top-40
\n up 0.3 percent shortly after the 0700 GMT start of
\ntrade. \t<\/p>\n

(Reporting by Vuyani Ndaba, editing by Ed Stoddard)<\/p>\n

<\/span><\/p>\n

\n

\t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"

* Government bonds weaken alongside U.S Treasuries * Rand steady JOHANNESBURG, March 15 (Reuters) – South African government bonds extended their losses on Thursday with yields jumping to almost 3 three-month highs in tandem with U.S. Treasuries, which were weighed by the Fed’s acknowledgement of some improvement in America’s economy. The yield on the 2015 […]<\/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-8958","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\/8958","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=8958"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8958\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}