• The power of perseverance

    True grit is a reliable predictor of who will achieve success in life, says Ian Mann.

  • It's the system

    The system sucks and it’s being used far too often as an excuse, says Mandi Smallhorne.

  • Web of dependency

    Zupta defenders are playing cat and mouse with ratings agencies, says Solly Moeng.

All data is delayed
Loading...
See More

Bonds firmer despite weaker rand

Feb 19 2013 17:24
I-Net Bridge
Johannesburg - The South African bond market was firmer in afternoon trade on Tuesday despite a weaker rand‚ which recovered from an intraday worst level of R8.9463/$ to around R8.90/$.

“We gained after the weekly bond auction‚ but there was a lack of follow-through in the afternoon‚ so volumes have been disappointing” a local bond trader said.

At 15:45 the benchmark R186 was trading at 7.265% from 7.300% at Monday’s close. The R157 was trading at 5.320% from 5.340% at its previous close‚ and the R207 was trading at 6.280% from its previous close of 6.305%.

The rand was last bid at R8.9059/$ from R8.8830/$ at Monday’s close.

The National Treasury offered R500m worth of R123 bonds‚ as well as R800m each of R209 and R2048 bonds at 11:00 and received bids worth R2.21bn‚ R3.345bn and R1.845bn respectively.

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:

THE DEBT ISSUE

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

Would you take out a payday loan?

Previous results · Suggest a vote

Loading...