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Johannesburg - The South African bond market remained firm in late trade after the rand strengthened to the session’s best level of R9.9026/$‚ while the inflation expectations survey for the second quarter came in unchanged at 6.0% compared with the first quarter.
“The stronger rand has been the dominant factor‚ but the unchanged inflation expectations was a pleasant surprise‚” a local bond trader said.
At 18:00‚ the benchmark R186 bond was trading at 7.920% after closing at 8.130% on Wednesday and 8.200% on Tuesday.
The R157 was trading at 6.070 from 6.310% previously and the R207 was trading 7.400% from 7.575% at its previous close.
“The stronger rand has been the dominant factor‚ but the unchanged inflation expectations was a pleasant surprise‚” a local bond trader said.
At 18:00‚ the benchmark R186 bond was trading at 7.920% after closing at 8.130% on Wednesday and 8.200% on Tuesday.
The R157 was trading at 6.070 from 6.310% previously and the R207 was trading 7.400% from 7.575% at its previous close.
