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Bonds a touch firmer into the weekend

Feb 08 2013 12:53 I-Net Bridge

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Johannesburg - The South African bond market was a touch firmer in Friday afternoon trade after some foreign selling in the market on Thursday after the release of weaker-than-expected manufacturing data.

“The benchmark 186 is trading below the 7.30% level which is a fairly positive level and we should see a further positive movement next week‚” a local trader said.

At 11:56 the benchmark R186 was trading at 7.275% from 7.310% at Thursday’s close. The R157 was trading at 5.290% from 5.310% at its previous close and the R207 was bid at 6.275% and offered at 6.245% from its previous close of 6.280%.

The rand was last bid at R8.9228/$ from R8.9115 overnight.

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