Angola, S. Africa: Sub-Saharan African Bond, Currency Preview

The following events and economic reports may influence trading in sub-Saharan African bonds and currencies today. Bond yields and exchange rates are from the previous session.

Angola: The central bank will hold a foreign currency auction, with the results due to be announced on Dec. 21.

The kwanza weakened 0.9 percent to 88.7565 to the dollar at 4:49 p.m. in Luanda.

Burundi: The government will announce the amount of Treasury bills to be sold at the next auction.

The Burundi franc was unchanged against the dollar at 1230.500 by 5:50 p.m. in Bujumbura.

Ghana: The government will hold a Treasury bill auction. The country’s statistics agency will also release producer price inflation figures.

The cedi dropped 0.1 percent to 1.42675 per dollar at 4:58 p.m. in Accra. The interest rate on the 91-day Treasury bill was 24.94 percent on Nov. 26.

Mauritius: The government will hold a Treasury bill auction.

The Mauritian rupee gained 0.7 percent to 28.7970 per dollar at 7:59 p.m. in Port Louis. The interest rate on 364-day bills was 4.6 percent on Dec. 11.

South Africa: The South African Reserve Bank will sell 5.75 billion rand ($764 million) worth of 91-day, 182-day, 273- day and 364-day treasury bills tomorrow at 10 a.m. local time. Last week 90-day bills sold at an average yield of 7.14 percent.

The rand traded at 7.5398 to the dollar as of 6:07 p.m. Johannesburg time, 1.4 percent lower than the close the day before.

Zambia: The government will hold a bond auction.

The Zambian kwacha gained 1.1 percent to 4,690 against the dollar at 5:58 p.m. in Lusaka. Fifteen-year bonds sold at an average yield of 18.91 percent on Nov. 20.