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Bonds flat ahead of US jobs data

Feb 01 2013 12:21
I-Net Bridge
Johannesburg - The South African bond market was little changed in midday trade on Friday ahead of the US jobs data due at 3:30.

The National Treasury in its weekly inflation linked bond (ILB) auction at 11:00 allocated R190m worth of I2038 bonds‚ R300m worth of I2025 bonds and R310m of I2050 after receiving bids worth R350m‚ R310m and R310m respectively.

“Trading has been dull this morning as we wait for the US jobs data. Even the ILB auction failed to move the market‚” a local bond dealer said.

At 11:40 the benchmark R186 was trading at 7.330%‚ the same as its previous close. The R157 was trading at 5.355% from 5.350% at its previous close and the R207 was bid at 6.355% and offered at 6.325% from its previous close of 6.335%.

The rand was last bid at R8.9846/$ from R8.9597/$ at Thursday’s close and R9.0187 at Wednesday’s close.

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bonds  |  markets

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