Loading...
See More

Bonds ease after CPI increases

Jan 23 2013 12:11 I-Net Bridge

Related Articles

Rand softer, bonds flat

Bonds drift weaker on rand

Bonds firm on short covering

Rand, bonds buckle under Amplats strife

Bonds in demand after Fitch downgrade

Bonds firm after auction

 
Johannesburg - The South African bond market eased slightly in quiet midday trade on Wednesday after the release of the December consumer price index (CPI) at 10am came in at the consensus forecast of 5.7% year-on-year (y/y) from 5.6% y/y in November. Forecasts among the eleven economists surveyed by I-Net Bridge ranged from 5.6% to 5.8%.

“Bond yields have edged a touch higher after the CPI data‚ but as it was in line with expectations‚ the move was subdued‚” a local bond dealer said.

At 11:30 the benchmark R186 was trading at 7.260% from 7.240% at Tuesday’s close. The R157 was trading at 5.355% from 5.340% at its previous close and the R207 was bid at 6.275% and offered at 6.245% from its previous close of 6.235%.

The rand was last bid at R8.8876/$ from R8.8436 at Tuesday’s close.

The National Treasury said at 11:00 that it would auction R700m worth each of R186‚ R209 and R213 bonds on January 29. 

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

markets bonds
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...