Johannesburg - The South African bond market was firm in
quiet midday trade on Tuesday after a good weekly government bond auction.
The National Treasury offered R500m worth of R209 bonds‚
R800m of R213 bonds and R800m of R2048 bonds for which it received bids worth
R1.905bn‚ R1.716bn and R2.525bn respectively.
“We had a good auction and that provided some direction‚ but
volumes remain subdued‚” a local bond trader said.
At 11:38am the benchmark R186 was trading at 7.665% from its
previous close of 7.680%. The R157 was trading at 5.460% from its previous
close of 5.465%‚ and the R207 was bid at 6.460% and offered at 6.440% from its
previous close of 6.455%.
The rand was bid at R8.7336 to the dollar from Monday’s close of R8.7250.