Rand gains but bonds extend losses-continued

February 23, 2012-South Africa's rand gained against the dollar on Thursday, taking its cue from a euro that hit multi-week highs on German data that eased concerns about growth in the euro zone.
Government bonds extended losses, still smarting from supply worries as the market was unconvinced that government’s narrower budget deficit targets in Wednesday’s budget were realistic.

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Source: FIN24

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