{"id":9407,"date":"2012-03-28T15:37:23","date_gmt":"2012-03-28T13:37:23","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/s-africas-rand-bonds-muted-ahead-of-mpc\/"},"modified":"2012-03-28T15:37:23","modified_gmt":"2012-03-28T13:37:23","slug":"s-africas-rand-bonds-muted-ahead-of-mpc","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-bonds-muted-ahead-of-mpc\/","title":{"rendered":"S.Africa&#8217;s rand, bonds muted ahead of MPC"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand and bonds unmoved<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Eskom bond auction the main focus<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, March 28<\/span> (Reuters) &#8211; South Africa&#8217;s rand was<br \/>\nlittle-changed overnight against the dollar on Wednesday, with<br \/>\ntraders taking few risks the day ahead of a local monetary<br \/>\npolicy decision expected to set the tone for interest rates for<br \/>\nthe year.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was trading at 7.6185 to the dollar at<br \/>\n0708 GMT, 0.1 percent weaker than Tuesday&#8217;s New York close of<br \/>\n7.6075.<\/p>\n<p><span><\/span><\/p>\n<p>Economists surveyed by Reuters see the repo rate unchanged<br \/>\nat Thursday&#8217;s meeting. The benchmark has been kept at a<br \/>\nhistorical low of 5.5 percent to bolster economic growth since<br \/>\nthe end of 2010.<\/p>\n<p><span><\/span><\/p>\n<p>Apart from power utility Eskom&#8217;s auction of 200 million rand<br \/>\nof its 2026 and 2022 bonds at 0900 GMT, little action is<br \/>\nexpected out of local markets.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Eskom will provide some excitement today with its small<br \/>\nissue of 200 million rand across the ES23\/E26 bonds,&#8221; Rand<br \/>\nMerchant Bank said in note. &#8220;With MPC looming, we don&#8217;t expect<br \/>\ntoo much activity for the rest of the trading day.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>Yields on the two main benchmark government bonds were up<br \/>\njust one basis point, with that on the three-year bond<br \/>\nat 6.80 percent and that on the 14-year note at 8.44<br \/>\npercent.<\/p>\n<p><span><\/span><\/p>\n<p>The stock market opened a shade weaker, with the blue-chip<br \/>\nTop-40 index down 0.24 percent shortly after the 0700<br \/>\nGMT start of trade.\t<\/p>\n<p> (Reporting by Vuyani Ndaba; Editing by Ed Cropley)<\/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 and bonds unmoved * Eskom bond auction the main focus JOHANNESBURG, March 28 (Reuters) &#8211; South Africa&#8217;s rand was little-changed overnight against the dollar on Wednesday, with traders taking few risks the day ahead of a local monetary policy decision expected to set the tone for interest rates for the year. The rand [&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-9407","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\/9407","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=9407"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9407\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}