• Racial redress

    The next adult generation is at risk of being polarised on the basis of skin colour and young white S.Africans stand to be lost at us all.

  • To do list

    Keep separate lists to ensure your to-dos don't get cluttered and gain stress-free productivity, Ian Mann.

  • Clueless leaders

    Zim's leaders are clueless about managing the economy or leading the nation, says Malcom Sharara.

All data is delayed
See More

Bonds firm on stronger rand

Dec 05 2012 14:27
I-Net Bridge
Johannesburg - The South African bond market was firm in midday trade on Wednesday on a stronger rand.

“We have seen some buying this morning‚ but the market is not taking large positions until the current account data is released tomorrow‚” a local bond trader said.

At 11:53‚ the benchmark R186 was trading at 7.565% from Tuesday’s close of 7.580%. The R157 was trading at 5.490% from 5.505% at its previous close. The R207 was bid at 6.505% and offered at 6.485%‚ from its previous close of 6.510%.

The rand was bid at R8.7885/$ from Tuesday’s close of R8.7856 and Monday’s close of R8.8655.

On Thursday the South African Reserve Bank will release its Quarterly Bulletin at 10:00. This will contain the third quarter current account figures as well as government‚ households‚ and corporate expenditure levels.

Economists forecast the current account to have remained in deficit in the third quarter from the 6.4% deficit in the second quarter.

The forecasts are mainly on a deteriorating trade balance‚ which has recorded shortfalls since the beginning of the year.

Official figures released last Friday showed that the trade account recorded a staggering R21.2bn deficit in October.

The National Treasury will auction R1.1bn worth of R213 bonds and R1.1bn worth of R2048 bonds on December 11.

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

bonds  |  current account deficit  |  markets


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:


Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.

Money Clinic

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

Voting Booth

Labour’s call for a cap on salary of high earners is?

Previous results · Suggest a vote