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Bonds barely moved in thin conditions

Dec 28 2012 09:35
I-Net Bridge
Johannesburg - The South African bond market was barely moved from its overnight levels in a quiet Friday morning trade‚ with no fresh news to offer direction . Conditions are extremely quiet and are likely to remain as such until the second week in January‚ when most players start returning to work.

At 8:30 the benchmark R186 was bid at 7.260% and offered at 7.220% from a previous close of 7.230%. The R157 was bid at 5.320% and offered at 5.300% from 5.310% previously and the R207 was bid at 6.260% and offered at 6.240% from its overnight close of 6.250%.

The rand was last bid at R8.4881/$ from R8.4778 previously.

Trade data for November is due for release at 14:00‚ but is unlikely to have any effect on the market as many players will have already left for the day.

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