• Busa, BBC split unpacked

    Who will lose and who stands to gain as the business bodies cut ties, asks Solly Moeng.

  • Noakes soap opera

    How many millions more will be sunk into a seemingly pointless vendetta, asks Mandi Smallhorne.

  • Downgrade scenarios

    An analyst takes a look at how credit downgrades have affected countries around the world.

All data is delayed
Loading...
See More

Bonds ignore money supply data

Dec 31 2012 11:13
I-Net Bridge
Johannesburg - The South African bond market ignored the money supply data released at 8:00 in thin trading conditions on Monday morning.

“Most trading desks only have a skeleton staff today and they will be gone around midday. There was no impact of the money supply data‚” a local bond dealer said.

At 9:00 the benchmark R186 was bid at 7.300% and offered at 7.260% from a previous close of 7.255%. The R157 was bid at 5.325% and offered at 5.315% from 5.315% previously and the R207 was bid at 6.270% and offered at 6.260% from its previous close of 6.260%.

The rand was last bid at R8.4750/$ from R8.4710 previously.

Credit extension to the private sector (PSCE) grew by 9.59% y/y in November‚ from 8.35% in October‚ South African Reserve Bank (SARB) figures released on Monday showed.

The rate of growth in SA’s broad M3 money supply measure was 6.26% y/y in November from 5.69% y/y in October.

Total loans and advances‚ which is PSCE excluding investments and bills discounted‚ recorded an 9.86% y/y growth in November from 8.50% y/y growth in October.

Total domestic credit extension amounted to 9.78% y/y in November from an 8.01% y/y increase in the prior month.

Foreigners were net buyers of R275.368m of South African bonds including repo transactions on Friday after net sales of R229.894m of local bonds on Thursday‚ data from the JSE shows.

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

markets bonds

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

Money Clinic

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

Voting Booth

Almost all working South Africans fear losing their jobs

Previous results · Suggest a vote

Loading...