{"id":9674,"date":"2012-04-05T15:51:57","date_gmt":"2012-04-05T13:51:57","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/s-african-rand-claws-back-ground-bonds-flat\/"},"modified":"2012-04-05T15:51:57","modified_gmt":"2012-04-05T13:51:57","slug":"s-african-rand-claws-back-ground-bonds-flat","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-african-rand-claws-back-ground-bonds-flat\/","title":{"rendered":"S.African rand claws back ground, bonds flat"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Pre-weekend position squaring to boost local assets<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bond market sees new issues this financial year<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, April 4<\/span> (Reuters) &#8211; South Africa&#8217;s rand<br \/>\nregained some ground against the dollar on Thursday in<br \/>\nposition-squaring ahead of the long Easter weekend, but gains<br \/>\nmight stall next week as the weak global economic outlook<br \/>\nremains a deterrent to risk appetite.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was 0.54 percent firmer at 7.79 to the<br \/>\ndollar by 0656 GMT after ending the previous session at 7.8320.<\/p>\n<p><span><\/span><\/p>\n<p>The currency tumbled more than 1.2 percent to seven-week<br \/>\nlows on Wednesday amid signs global growth is losing steam.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Ahead of the Easter long weekend there may very well be<br \/>\nsome position squaring that boosts the near term prospects for<br \/>\nthe rand and indeed other EM currencies. We would not however<br \/>\nread too much into this,&#8221; Tradition Analytics said in a note.<\/p>\n<p><span><\/span><\/p>\n<p>South African markets will be closed on Friday and Monday<br \/>\nfor Easter, with trading resuming on Tuesday.<\/p>\n<p><span><\/span><\/p>\n<p>Government bonds were largely stagnant in early trade, with<br \/>\nthe yields on the benchmark three-year paper and the<br \/>\nlonger-dated issue due in 2026 each dipping half a<br \/>\nbasis point to 6.805 percent and 8.505 percent respectively.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;I think global currencies and bonds are a little oversold<br \/>\nin the short term and I would expect a little bit of a pull-back<br \/>\nwith all markets closed tomorrow, so a slightly stronger bias<br \/>\nfor bonds,&#8221; Investec trader Steve Arnold said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Pre-weekend position squaring to boost local assets * Bond market sees new issues this financial year JOHANNESBURG, April 4 (Reuters) &#8211; South Africa&#8217;s rand regained some ground against the dollar on Thursday in position-squaring ahead of the long Easter weekend, but gains might stall next week as the weak global economic outlook remains 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-9674","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\/9674","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=9674"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9674\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}