• Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

  • Don't take us for fools

    It's time for businesses to stop thinking consumers are gullible, says Mandi Smallhorne.

All data is delayed
See More

Bonds flat‚ await US Treasuries rally

Jan 07 2013 09:36
I-Net Bridge

Johannesburg - The South African bond market was flat in early trade on Monday‚ as traders waited for an expected rally in US Treasuries following last week’s sell-off. 

Dow Jones Newswires reported that a disappointing jobs report diluted the week-long price slide in Treasury bonds‚ but the world’s go-to safe-haven market still suffered its biggest weekly sell-off in nearly four months. 

A local trader said on Monday: “Most of the commentary we have seen on last week’s price action said the sell-off in US Treasuries was overdone‚ so we are looking for a rally from an oversold position. As yet that has not taken place‚ which is why the market is flat at the moment.” 

At 8.48am the benchmark R186 was trading at 7.360% from Friday’s close of 7.365% and Thursday’s close of 7.295%. The R157 was bid at 5.390% and offered at 5.370% from 5.385% previously and the R207 was bid at 6.340% and offered at 6.310% from its previous close of 6.330%. 

The rand was last bid at R8.5991 to the US dollar from R8.5549 at Friday’s close and R8.5878 at Thursday’s close. 

Foreigners were net sellers of R584.251m of South African bonds including repo transactions on Friday after net purchases of R224.529m of local bonds on Thursday‚ data from the JSE shows.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

bonds  |  markets



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
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

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

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote