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African bonds were bolstered by the rand in quiet midday trade on Friday.
At 11:50, the benchmark R157 bond was at trading 6.730% from
its previous close of 6.785%. The R207 was bid at 7.850% and offered at 7.820%
from a previous close of 7.890% and the R186 was at 8.415% from its close of
8.455%.
The rand was bid at R7.6645 against the dollar from its
previous close of R7.7117.
"The rand's been the main driver," a domestic bond
trader said.
Customs and excise is expected to publish the February trade
data at 14:00 this afternoon.
Foreigners were net buyers of R2.270bn of South African
bonds including repo transactions on Thursday after net purchases of R296.759m
of local bonds on Wednesday, data released by the JSE shows.
Nominal cumulative volume was R55.858bn on Thursday from
R73.308bn on Wednesday.
Foreigners were net buyers of R2.269bn of South African
bonds excluding repo transactions on Thursday after net purchases of R295.856m
of local bonds on Wednesday.
For the year to date foreigners have been net buyers of
R21.827bn of local bonds, excluding repo transactions. In 2011 they were net
buyers of R47.359bn worth of local bonds, excluding repo transactions.
In the year to date foreigners have been net buyers of R18.637bn of local bonds including repo transactions. In 2011 they bought R37.501bn of local bonds.
