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Bonds a tad firmer on low volumes

Dec 20 2012 13:41 I-Net Bridge

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Johannesburg - South African bonds were firmer at noon on Thursday albeit in a thin market.

“There is a small amount of buying interest but as liquidity is so low these deals move the market quite significantly‚” a local trader said.

Activity has slowed down as many markets participants are away on holiday.

At 10:56‚ the benchmark R186 was trading at 7.200% from a close of 7.240% on Wednesday. The R157 was trading at 5.300% after a close of 5.335% previously. 

The R207 was bid at 6.255% and offered at 6.225% from a close of 6.290% before.

The rand was last bid at R8.5163/$ from R8.4928 previously.

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