09282016Wed
Last update: Wed, 28 Sep 2016 08am

Middle East & Africa

Markets - Fixed Income - Middle East & Africa

South Africa's rand firms, stocks slip in edgy global trade JOHANNESBURG: South Africa's rand firmed on Monday, shaking off a slight dip in sentiment towards emerging market currencies to resume a recent rally as the dollar stumbled ahead of the first debate between the two US presidential candidates. By 1515 GMT the rand had gained 0.58 percent to 13.6400 per dollar, compared to a close at 13.7200 on Friday. With no significant domestic data releases in the session, the rand looked offshore for direction and took advantage of investors' dollar jitters. The rand touched a session best of 13.6200 and briefly looked poised to test resistance around 13.4000 before stalling as some invertors continued to cash-in on the recent rally. Higher commodity prices also supported the local unit. Spot gold was up 0.3 percent. Government bonds weakened, with the benchmark 2026 issue adding 6 basis points to 8.625 percent. Stocks fell in line with volatile global markets amid uncertainty and ...

Markets - Fixed Income - Middle East & Africa

Egyptian T-bill yields drop at auction CAIRO: Yields on Egypt's three-month and nine-month treasury bills dropped at Sunday's auction, data from the central bank showed. The average yield on the 91-day bill dropped to 14.775 percent from 14.921 percent at the previous auction on Sept 18. The 266-day bill's yield dropped to 16.394 percent from 16.420 percent at the last similar auction. Copyright Reuters, 2016 ...

Markets - Fixed Income - Middle East & Africa

Yields rise at Egypt's Thursday T-bill auction CAIRO: Yields on Egypt's six-month and one-year treasury bills rose at an auction on Thursday, data from the central bank showed. The average yield on the 182-day bill rose to 15.794 percent from 15.763 percent at the last auction on Sept. 15, and the yield on the 357-day bill also rose to 16.437 percent from 16.414 percent. Copyright Reuters, 2016 ...

Markets - Fixed Income - Middle East & Africa

Yields mixed at Egyptian T-bond auction CAIRO: Yields on Egypt's 1 1/2-year treasury bonds fell slightly at an auction on Monday, but yields on three-year and seven-year paper rose, data from the central bank showed. The average yield on the 1 1/2-year, zero-coupon bond slipped to 16.496 percent from 16.497 percent when it was last sold, on Sept. 5. The yield on the three-year bond rose to 16.937 percent from 16.896 percent at the last similar auction on Sept. 5. Yields ...

Markets - Fixed Income - Middle East & Africa

Egyptian T-bill yields mixed at Sunday's auction CAIRO: Yields on Egypt's three-month treasury bills rose while nine-month bills dropped at Sunday's auction, data from the central bank showed. The average yield on the 91-day bill increased marginally to 14.921 percent from 14.908 percent at the previous auction on Sept 8. The 273-day bill's yield dropped slightly to 16.420 percent from 16.470 percent at the last similar auction. Copyright Reuters, 2016 ...

Markets - Fixed Income - Middle East & Africa

South African rand, bonds weaken as US rate hike expectations strengthen JOHANNESBURG: South African government bonds fell sharply and the rand reached its weakest in more than six weeks against the dollar on Monday as the greenback rose on expectations that US interest rates would rise soon. By 1236 GMT, the rand weakened 1.19 percent against the dollar to 14.5400, off Friday's close at 14.3690 and softest since July 15.Against a basket of major currencies, the dollar hit its highest in nearly two weeks at 95.724 ...

Markets - Fixed Income - Middle East & Africa

Kenya 91-day T-bill yield dips to 8.607pc NAIROBI: The weighted average yield on Kenya's 91-day Treasury bill dipped to 8.607 percent at auction on Thursday from 8.609 percent last week, the central bank said. The bank said it received bids worth a total 1.68 billion shillings ($16.58 million) for the 4 billion shillings of bills it offered. It accepted 1.46 billion shillings. Copyright Reuters, 2016 ...