{"id":9494,"date":"2012-03-31T03:40:35","date_gmt":"2012-03-31T01:40:35","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/s-africas-rand-and-bonds-firmer-risk-appetite-higher\/"},"modified":"2012-03-31T03:40:35","modified_gmt":"2012-03-31T01:40:35","slug":"s-africas-rand-and-bonds-firmer-risk-appetite-higher","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-and-bonds-firmer-risk-appetite-higher\/","title":{"rendered":"S.Africa&#8217;s rand and bonds firmer, risk appetite higher"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Government bonds rally on balanced inflation risks<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Rand turns attention to a better global risk environment<\/p>\n<p><span><\/span><\/p>\n<p>* Feb budget deficit widens year-on-year<\/p>\n<p><span><\/span><\/p>\n<p>By Vuyani Ndaba<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, March 30 (Reuters) &#8211; South Africa&#8217;s rand and<br \/>\nbonds firmed against the dollar on Friday as investors shifted<br \/>\nfocus to a better global risk environment after a week that was<br \/>\nlargely dominated by caution about a domestic interest rates<br \/>\nverdict.<\/p>\n<p><span><\/span><\/p>\n<p>Government bonds finished the jittery week on a firmer<br \/>\nfooting, with the yield on the benchmark 2015 bond<br \/>\ndipping 9.5 basis points to 6.7 percent and that on the<br \/>\nlonger-dated note 2026 falling 8.5 basis points to<br \/>\nclose at 8.385.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;I think markets interpreted yesterday&#8217;s MPC statement as<br \/>\nless hawkish than was potentially priced into the market,&#8221; said<br \/>\nSteve Arnold at Investec securities.<\/p>\n<p><span><\/span><\/p>\n<p>The central bank left the repo rate unchanged at 5.5 percent<br \/>\non Thursday, as expected, but more importantly it said the<br \/>\noutlook for inflation was marginally lower than at its previous<br \/>\npolicy meeting while the outlook for domestic growth was<br \/>\nslightly more favourable.<\/p>\n<p><span><\/span><\/p>\n<p>Bonds also ignored potentially disappointing news on the<br \/>\nbudget deficit, which widened to 138 billion rand ($17.8<br \/>\nbillion) in the first 11 months of the financial year ending<br \/>\nMarch 2012 from a 132 billion rand shortfall over the same<br \/>\nperiod previously.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Government bonds rally on balanced inflation risks * Rand turns attention to a better global risk environment * Feb budget deficit widens year-on-year By Vuyani Ndaba JOHANNESBURG, March 30 (Reuters) &#8211; South Africa&#8217;s rand and bonds firmed against the dollar on Friday as investors shifted focus to a better global risk environment after a [&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-9494","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\/9494","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=9494"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9494\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}