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South African debt yields at over 20 month lows, rand softer JOHANNESBURG: South Africa's government bonds fell to their lowest in nearly 22 months on Friday, in a market increasingly seeing the chance that slowing inflation due to sliding oil prices will keep interest rates depressed.The yield on debt maturing in 2026 -- the benchmark for the secondary market -- fell 12.5 basis points to close at 7.355 percent, a level last seen in late May 2013.Demand by foreign accounts has driven local bonds higher this week, with next inflows reaching slightly more than 4 billion rand ($345 million), according to data from the JSE securities exchange."The major theme for at least the first half of the year will be lower inflation, not just in South Africa, but globally," said Asher Lipson, a fixed income analyst at Standard Bank."We believe that the markets may be underestimating how low inflation could go in 2015 and thus the reaction to low inflation prints ...

Kenyan Treasury bill yields seen rising NAIROBI: Yields on Kenya's Treasury bills are expected to rise slightly at next week's sale, taking a cue from yields on a two-year bond sold this week. The central bank will auction 91-day, 182-day and 364-day Treasury bills worth a total 12 billion shillings ($132.89 million). "I think there is room for rates to go higher. The two-year bond came up a bit higher so it shows the government can pick at a better rate," ...
Nigeria sells 195.5bn naira in T-bills, yields rise LAGOS: Nigeria raised 195.56 billion naira ($1.06 billion) worth of treasury bills with maturities ranging between three months and one year at higher yields this week, the central bank said on Friday. The bank sold 33.87 billion naira in 3-month treasury bills at 11 percent, compared with 9.99 percent at the Nov. 19 auction. A total of 51.30 billion naira worth of the six month bill was sold at 13.84 percent, against 10.8 percent previously. ...
South Africa's 3-month T-Bill average yield edges up to 6.09pc JOHANNESBURG: South Africa sold 4.685 billion rand ($418 million) worth of three-month Treasury Bills on Friday, at an average yield of 6.09 percent, up slightly from 6.05 percent last week. The bid to cover ratio also edged higher to 1.4 from 1.3.Copyright Reuters, 2014 ...
Ugandan shilling little changed but expected to strengthen KAMPALA: The Ugandan shilling was little changed on Tuesday though traders were betting on a stronger local currency in the short term, buoyed by inflows from end-of-year spending by non-governmental organisations (NGOs).At 0946 GMT commercial banks quoted the shilling at 2,745/2,755, a touch stronger than Monday's close of 2,748/2,758."NGOs close the year early so we expect significant conversions from them in the coming days," said Isaac Iga, chief dealer at Orient Bank. "Those inflows, added ...
Kenyan shilling weakens to near 3-year lows on dollar buying NAIROBI: Kenya's shilling fell to a new three-year low on Tuesday, weakened by concerns the central bank has wiped out some of its reserves and due to falling revenue from the tourism and tea sectors, while shares also retreated.At the 1300 GMT close of trade, commercial banks posted the shilling at 90.30/90.40 against the dollar, weaker than Monday's closing level of 90.05/90.25 against the dollar."People are waiting to see if the central bank will intervene ...
Egypt sold $1.796bn of dollar-denominated T-bills CAIRO: Egypt's central bank said it sold $1.796 billion in one-year dollar-denominated treasury bills to local banks and foreign financial institutions on Monday, more than the bank had expected when it announced the auction. The government has relied mainly on the local money market to finance its public deficit since a popular uprising in early 2011 that deterred many foreign investors. Announcing thhe auction last Thursday, the central bank said it intended to sell $1.75 ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln