Loading...
See More

Bonds firm after auction

Nov 20 2012 13:15 I-Net Bridge

Related Articles

Bonds firm on US treasuries

Bonds softer on weaker rand

Bonds weaker ahead of auction

Bonds mixed in quiet trade

Bonds firmer on foreign interest

Bonds steepen after switch auction

 
Johannesburg - The South African bond market was firm in midday trade on Tuesday after a good weekly bond auction at 11:00.

The South African Treasury on Tuesday allotted R700m worth of R209 bonds at a clearing yield of 8.370%‚ R700m worth of R213 bonds at a clearing yield of 8.150% and R700m worth of R214 bonds at a clearing yield of 8.450%.

The bids amounted to R2.795bn‚ R3.565bn and R2.32bn respectively.

“The auction went better than expected as the bid amounts had been tapering off in the past few weeks‚ but today they amounted to R8.68 billion or more than four times the amount on offer‚” a local bond trader said.

At 11:46‚ the benchmark R186 was trading at 7.580% from Monday’s close of 7.625%. The R157 was trading at 5.430% from 5.445% at its previous close. The R207 was bid at 6.430% and offered at 6.420%‚ from its previous close of 6.440%.

The rand was bid at R8.8633 from Monday’s close of R8.8498‚ Friday’s close of 8.8533 and Thursday’s close of R8.9020. On Thursday it touched a worst level of R8.9900.
bonds  |  rand  |  dollar

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:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

The Fast and Furious R40 million

With the Fast and the Furious 7 hitting South African cinema’s this April, all eyes are on the cars and we’re in for a treat!

 
 

Luxury living

This is the most expensive burger in the world!
Exclusive food items that WILL break the bank
Top 10 most expensive homes in the world
You can permanently live on a ship and sail the world!

Money Clinic

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

Voting Booth

How will you manage Vodacom’s price hike for contracts?

Previous results · Suggest a vote

Loading...