RTRS:S.Africa bonds extend losses, rand soft vs dollar
* Rand may hit 6.82/d0llar
* Bonds weaken on profit taking * Stock futures down
JOHANNESBURG, June 10 (Reuters) - South Africa's rand fell slightly against the dollar on Friday and was seen trapped in narrow ranges in the absence of key data.
South African government bonds extended their losses a day after Moody's warned about unemployment and political risk factors on South Africa's ratings. [ID:nJ8E7GJ00K]
The 2015 bond yield ZAR157= went up four basis points to 7.46 percent and that on the 2026 issue ZAR186= rose five basis points to 8.485 percent.
"There's a bit of pressure especially at the long end and guys are taking profit," said a bond trader in Johannesburg.
Bonds have gained in recent weeks partly on increased foreign buying, pushing yields to their lowest in five months early this week.
Local stocks looked set to open lower, after edging higher on Thursday. The June futures contract ALSIc1 fell 0.45 percent before the 0700 GMT start of trade.
The rand ZAR=D3 was trading at 6.7517 to the dollar at 0646 GMT, 0.17 percent softer than Thursday's New York close of 6.74.
"An upward breach of 6.82 could incur a move back to R6.92 if not R6.98. We favour (this) scenario, and would therefore accumulate dollars at current levels," said Standard Bank in a note. (Reporting by Phumza Macanda)
