Data provided by iNet BFA
Loading...
See More

Bonds flat ahead of bond auction

Nov 09 2012 11:14
Johannesburg - The South African bond market was flat in early trade on Friday‚ ahead of the bond auction later in the day.

At 09:11 the benchmark R186 was bid at 7.625% and offered at 7.600% from Thursday’s close of 7.625%. The R157 was bid at 5.460% and offered at 5.450% from its previous close of 5.460%‚ and the R207 was bid at 6.445% and offered at 6.425%‚ from its previous close of 6.440%.

The rand was bid at R8.6918/$ from Thursday’s close of R8.7034.

The National Treasury will auction a total of R800m nominal inflation-linked bonds spread between R212s‚ I2038s and I2050s on Friday.

“Demand for I2050s is again expected to dominate interest in the weekly auction as the ultra long end of the real bond curve remains very steep‚ with the R202/I2050 spread at +20 basis points.

"The other stocks are expected to see relatively less demand judging from secondary market interest‚ though bids are‚ nonetheless‚ expected in these bonds‚” RMB analysts said in a note.
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
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

No more nice-to-have shopping sprees

Fin24 user Asia writes how she managed to rehabilitate herself from splurging on feel-good items and keep clean from the bondage of lifestyle debt.

 
 

Start saving...

Where can you stash your cash?
Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account

Money Clinic

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