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Johannesburg – South African bonds firmed in afternoon trade on Thursday after the rand strengthened to the R8.20 per dollar level.
“Bond trading this afternoon has been driven by the stronger rand‚” a local trader said.
At 16:01‚ the benchmark R157 bond was trading at 6.230% from Wednesday’s close of 6.260%‚ Tuesday’s close of 6.330% and Monday’s close of 6.355%.
The R207 was trading at 7.505% from a previous close of 7.540% and the R186 was trading at 8.240% from its close of 8.280%.
The rand was bid at R8.2425 against the dollar from Wednesday’s close of R8.3026‚ Tuesday’s close of R8.4443‚ Monday’s close of R8.4758 and a worst level on Monday of R8.6291.
Emerging market currencies gained after China's central bank lowered its benchmark interest rates on loans and deposits‚ and moved to allow rates to float more freely‚ in a bid to support growth and advance reform of the financial system.
Foreigners were net buyers of R2.962bn of South African bonds including repo transactions on Wednesday after net purchases of R1.735bn of local bonds on Tuesday‚ data released by the JSE show.
Nominal cumulative volume was R61.822bn on Wednesday from R208.853bn on Tuesday.
Foreigners were net buyers of R2.951bn of South African bonds excluding repo transactions on Wednesday after net purchases of R1.743bn of local bonds on Tuesday.
For the year to date foreigners have been net buyers of R34.442bn of local bonds‚ excluding repo transactions. In 2011 they were net buyers of R47.359bn worth of local bonds‚ excluding repo transactions.
In the year to date foreigners have been net buyers of R31.134bn of local bonds including repo transactions. In 2011 they bought R37.501bn worth of local bonds.
“Bond trading this afternoon has been driven by the stronger rand‚” a local trader said.
At 16:01‚ the benchmark R157 bond was trading at 6.230% from Wednesday’s close of 6.260%‚ Tuesday’s close of 6.330% and Monday’s close of 6.355%.
The R207 was trading at 7.505% from a previous close of 7.540% and the R186 was trading at 8.240% from its close of 8.280%.
The rand was bid at R8.2425 against the dollar from Wednesday’s close of R8.3026‚ Tuesday’s close of R8.4443‚ Monday’s close of R8.4758 and a worst level on Monday of R8.6291.
Emerging market currencies gained after China's central bank lowered its benchmark interest rates on loans and deposits‚ and moved to allow rates to float more freely‚ in a bid to support growth and advance reform of the financial system.
Foreigners were net buyers of R2.962bn of South African bonds including repo transactions on Wednesday after net purchases of R1.735bn of local bonds on Tuesday‚ data released by the JSE show.
Nominal cumulative volume was R61.822bn on Wednesday from R208.853bn on Tuesday.
Foreigners were net buyers of R2.951bn of South African bonds excluding repo transactions on Wednesday after net purchases of R1.743bn of local bonds on Tuesday.
For the year to date foreigners have been net buyers of R34.442bn of local bonds‚ excluding repo transactions. In 2011 they were net buyers of R47.359bn worth of local bonds‚ excluding repo transactions.
In the year to date foreigners have been net buyers of R31.134bn of local bonds including repo transactions. In 2011 they bought R37.501bn worth of local bonds.
