Bonds weaken, rand steady, eyeing Greece-continued

February 8, 2012--South Africa's government bonds fell further on Wednesday while the rand steadied despite reports the government is considering a mining wealth fund that could be used to cap the currency's gains, and as markets awaited news of a new Greek bailout.
Bond yields rose for a third day, with the 2015 bond yield rising five basis points to 6.58 percent and that on the 2026 issue up 6.5 basis points to 8.32 percent, as profit-taking following strong gains last week was extended.

"The market went too far at the end of January and beginning of February so this is just a bit of correction," said Ian Scott, a bond dealer at Stanlib.

read more

Source: FIN24

AFRICA ETP News
Sappi, Sibanye lead JSE lower
August 7, 2015--The JSE has fallen for the second session in a row, led by companies such as pulp and paper
read more
Resources drag JSE down
August 6, 2015--Resources shares on the JSE took another beating,
read more
Rand edges higher, remains vulnerable
August 6, 2015--The rand has inched higher against the dollar, just off 14-year lows, as the market remains in
read more
JSE treads water after surprise upturn
August 5, 2015--Major indices on the JSE have hardly moved, but interesting times lie may ahead after the market's
read more
Rand breaks through R20/£
August 5, 2015--The rand has broken through the R20 to the pound level and
read more
Nedbank fillip boosts JSE
August 4, 2015--A strong performance by Nedbank has given the Financial index on the JSE a firm lift
read more
Rand recovers but remains vulnerable
August 4, 2015--The rand has recovered some lost ground against the dollar and its emerging market peers in early
read more
Brief resources rally ends on JSE
August 3, 2015--The JSE's brief recovery in resource shares has come to an abrupt halt after stocks dropped
read more
Rand under pressure, US rate outlook to set course
August 3, 2015--The rand has remained under pressure after the release of weak manufacturing data out of China
read more
Resources, gold stocks weigh on JSE
July 31, 2015--The JSE has moved mostly sideways as the technical improvement
read more
Rand recovers from 14yr lows on trade surplus
July 31, 2015--The rand touched a new 14-year low against the dollar but later turned firmer, helped by data
read more
JSE maintains momentum
July 30, 2015--The technical momentum which pushed the JSE higher in the previous session has continued,
read more
Rand weakens ahead of US GDP data
July 30, 2015--The rand has been weakened against the dollar ahead of US GDP data that could reinforce
read more
Infrastructure : Africa50, a step change for infrastructure financing and development in Africa
July 30, 2015--Africa50, the new and innovative infrastructure investment platform promoted by the African Development Bank (AfDB) held its Constitutive General Assembly on the 29th of July 2015 in Casablanca, Morocco.
read more
JSE set for more volatility
July 29, 2015--Share prices on the JSE have lifted with industrials making the best recovery, but it seems a fair bit
read more
Rand pauses ahead of Fed, jobs data
July 29, 2015--The rand has been largely unchanged as investors cautiously await a US Federal Reserve
read more
MTN sell-off dominates JSE
July 28, 2015--Investors on the JSE have dumped MTN shares after the
read more
Rand weakens despite interest rate hikes
July 28, 2015--The hope that higher interest rates will lure foreign bond investors may be based on flawed thinking,
read more