• Restoring sanity to SA

    We should be driven by the thought that SA belongs to all who live in it, says Solly Moeng.

  • Clamouring for action

    2017 will see battles between politicians as well as those tired of politicking, says Daniel Silke.

  • Realistic dreaming

    Preparation and sound advice will turn entrepreneurial dreams into reality, says Ian Mann.

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: SMALL BUSINESS

From fossils to finance – that’s been the career trajectory of Dr Merrill van der Walt, a palaeontologist until recently. She is now a statistician with a difference.
 

Money Clinic

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

Voting Booth

SA's avoidance of junk status by rating agencies: Moody's and Fitch

Previous results · Suggest a vote

Loading...