• Power to Gordhan

    SONA 2016 has set it all up for Pravin Gordhan, it shows just how powerful he may be, says Daniel Silke.

  • Inside Labour

    The history of Valentine Day cards gives a glimpse of how technology resulted in job cuts, says Terry Bell.

  • Courage to do right

    A number of factors will impede Zuma’s opportunity to have a ‘Lula moment’, says Prof Dirk Kotze.

All data is delayed
Loading...
See More

Bonds firm on US treasuries

Nov 16 2012 09:39
I-Net Bridge
Johannesburg - The local bond market was firm in quiet early trade on Friday‚ on the back of an overnight rally in US treasuries.

“Bonds started firmer this morning on the overnight rally in US treasuries. The rand is also off yesterday’s worst levels‚” a local bond trader said.

At 09:02‚ the benchmark R186 was bid at 7.735% and offered at 7.730% from Thursday’s close of 7.750% and Wednesday’s close of 7.695%. The R157 was trading at 5.450% from its previous close of 5.485%. The R207 was bid at 6.520% and offered at 6.505%‚ from its previous close of 6.525%.

The rand was bid at R8.9265 from Thursday’s close of R8.9020 and Wednesday’s close of R8.9020. On Thursday it touched a worst level of R8.9900.

The National Treasury is offering R800m in its weekly inflation-linked bond auction at 11:00. The bonds on offer are the R212‚ the I2038 and I2050.

Foreigners were net sellers of R6.195m of South African bonds including repo transactions on Thursday after net sales of R290.703m of local bonds on Wednesday‚ data released by the JSE show.

Nominal cumulative volume was R52.053bn on Thursday from R47.350bn on Wednesday.

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

Will Jacob Zuma's State of the Nation speech help SA avoid "junk" downgrade?

Previous results · Suggest a vote

Loading...