Strong rand boosts bonds-continued

February 29, 2012--South African bonds were firm in midday play on Wednesday, largely on the back of the rand, a trader said.
The National Treasury said it would auction R700m worth of R204 bonds, R700m worth of R208 bonds and R700m worth of R214 bonds on March 6.

At 11:50, the benchmark R157 bond was bid at 6.605% and offered at 6.600% from its previous close of 6.625%. The R207 was bid at 7.730% and offered at 7.715% from a previous close of 7.745%, and the R186 was bid at 8.240% and offered at 8.220% from its close of 8.250%.

read more

Source: FIN24

Nigeria: JP Morgan--a Wake-Up Call
September 28, 2015--As the frenzy over the decision by JP Morgan to phase out Nigeria from its Government Bond Index for Emerging Markets (GBI-EM) effective from October 30, 2015 begins to die down we draw attention to the need to adopt measures that would extricate Nigeria's economy from whims of foreign investors.
read more
Nigeria: High Rates Depress Investments in Govt Bonds
September 18, 2015--The pressures on Nigerian money market resonated in the bonds market yesterday as the Debt Management Office,
read more
Nigeria: The Cost of Dropping Off JP Morgan's Index
September 14, 2015--In the end, it would seem that the markets were not as sanguine (as was the Central Bank of Nigeria, CBN) about the implications for the economy of JPMorgan's decision, announced last week, to phase Nigerian bonds out of its emerging markets government bond (GBI-EM) index series over two month-end rebalancing periods.
read more
Morocco drafts new rules to attract stock market investors
September 11, 2015--Morocco's government is considering allowing foreign companies to list on the Casablanca stock exchange and creating a second market dedicated to small and medium-sized businesses.
read more