• Labour Wrap

    Terry Bell says the labour movement in SA is currently in a state of confusion.

  • Will the NPA stand up?

    Solly Moeng wonders if the NPA head will reinstate criminal charges against president Zuma.

  • Commodity currency

    Jac Laubscher asks if the true exchange rate of the rand is really a cue from commodity prices.

All data is delayed
Loading...
See More

Bonds firm after ILB auction

Dec 07 2012 13:26
I-Net Bridge
Johannesburg - The South African bond market was firm in quiet midday trade on Friday‚ after the inflation-linked bond (ILB) auction at 11:00.

The National Treasury offered R800m spread between the R212‚ I2038 and I2050 bonds. It allotted R710m worth of R212 bonds after receiving bids worth R1.575bn‚ R50m worth of I2038 bonds from bids of R635m and R40m of I2050 bonds from bids worth R535m.

“The longer end is continuing to rally despite the softer rand as foreigners continue to buy our bonds‚” a local bond trader said.

At 12:07‚ the benchmark R186 was trading at 7.380% from 7.420% at Thursday’s close and 7.495% at Wednesday’s close. The R157 was trading at 5.460% from 5.470% at its previous close. The R207 was bid at 6.420% and offered at 6.390%‚ from its previous close of 6.450%.

The rand was bid at R8.7045/$ from Thursday’s close of R8.6886 and Wednesday’s close of R8.7667. 

Next week will see the last government bond auctions this year with the normal bond auction on December 11 and the ILB auction on December 14. 

Auctions will resume on January 8 with the normal bond auction and on January 11 with the ILB auction.

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

bonds  |  markets

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
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

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

Voting Booth

The drop in inflation:

Previous results · Suggest a vote

Loading...