• IS provokes sea-change

    It has been a grave mistake to defy both Russia and France, says Leopold Scholtz.

  • Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

All data is delayed
See More

Bonds firm on bargain hunting

May 30 2013 12:45
I-Net Bridge
Johannesburg - South African bonds were a touch firmer in midday trade on Thursday on selective bargain hunting.

“We are seeing some selective buying‚ but volumes are small compared with Wednesday. The uncertainty regarding US Treasury market is currently the main factor keeping investors on the sidelines‚” a local bond trader said.

At 11:36 the benchmark R186 bond was trading at 7.275% from 7.310% at Wednesday’s close and 7.175% at Tuesday’s close.

The R157 was trading at 5.310% from 5.330% at its previous close‚ and the R207 was trading at 6.430% from 6.425% at its previous close.

The rand was bid at R9.8129/$ from Wednesday’s close of R9.8110 and Tuesday’s close of R9.7801.

Dealers said the producer price index (PPI) data released at 11:30 had no effect on the market.

The annual percentage change in the producer price index (PPI) for final manufactured goods was 5.4% in April compared with 5.7% year on year in March‚ Statistics SA (Stats SA) figures showed.

From March to April‚ the PPI for final manufactured goods increased by 0.4%.

Since January‚ Stats SA has published distinct PPIs to cover agriculture‚ mining‚ electricity and water‚ and manufacturing.

The PPI for final manufactured goods is now considered the “headline” PPI.

PPI was expected to have increased 5.7% year on year (y/y)‚ a survey by I-Net Bridge has found.

Forecasts among 11 leading economists surveyed ranged from 5.5% y/y to 6.1% y/y.

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

markets bonds



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
Comments have been closed for this article.

Company Snapshot

We're talking about:


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 25 basis points interest rate increase is:

Previous results · Suggest a vote