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Bonds bid weaker on softer rand

Dec 28 2012 12:56 I-Net Bridge

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Johannesburg - The South African bond market was bid weaker in quiet trade at midday on Friday on the back of a softer rand.

At 11:40 the benchmark R186 was bid at 7.260% and offered at 7.255% from a previous close of 7.230%. The R157 was bid at 5.330% and offered at 5.310% from 5.310% previously and the R207 was bid at 6.260% and offered at 6.250% from its overnight close of 6.250%.

The rand was last bid at R8.5064/$ from R8.4778 previously.

Trading volumes are extremely thin and are likely to remain as such until the second week in January‚ when most players start returning to work.

November foreign trade data is due for release at 14:00.

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