Publications
Partners
Johannesburg - South African bonds gained a few
basis points in midday trade on Friday, as rand strength provided
positive sentiment to the market.
By 11:50, the benchmark R157 bond was trading at 6.690% from its previous close of 6.740%. The R207 was bid at 8.030% and offered at 8.025% from a previous close of 8.070% and the R186 was bid at 8.385% and offered at 8.465% from its close of 8.420%.
The rand was bid at 7.8509 against the dollar from its previous close of 7.8799.
"The rand seems to be providing some support - trade is thin though there's not much on the go," said a trader.
Foreigners were net sellers of R434.523m of South African bonds including repo transactions on Thursday after net purchases of R1.457bn of local bonds on Wednesday, data released by the JSE shows.
Nominal cumulative volume was R26.108bn on Thursday from R28.359bn on Wednesday.
Foreigners were net sellers of R67.264m of South African bonds excluding repo transactions on Thursday after net purchases of R924.188m of local bonds on Wednesday.
For the year to date, foreigners have been net buyers of R40.457bn worth of local bonds, excluding repo transactions. In 2010 foreigners bought net R57.064bn rand worth of local bonds, excluding repo transactions.
For the year to date for total transactions, including repo transactions, foreigners have been net buyers of R32.192bn of local bonds. In 2010 they bought net R44.541bn worth of bonds.
By 11:50, the benchmark R157 bond was trading at 6.690% from its previous close of 6.740%. The R207 was bid at 8.030% and offered at 8.025% from a previous close of 8.070% and the R186 was bid at 8.385% and offered at 8.465% from its close of 8.420%.
The rand was bid at 7.8509 against the dollar from its previous close of 7.8799.
"The rand seems to be providing some support - trade is thin though there's not much on the go," said a trader.
Foreigners were net sellers of R434.523m of South African bonds including repo transactions on Thursday after net purchases of R1.457bn of local bonds on Wednesday, data released by the JSE shows.
Nominal cumulative volume was R26.108bn on Thursday from R28.359bn on Wednesday.
Foreigners were net sellers of R67.264m of South African bonds excluding repo transactions on Thursday after net purchases of R924.188m of local bonds on Wednesday.
For the year to date, foreigners have been net buyers of R40.457bn worth of local bonds, excluding repo transactions. In 2010 foreigners bought net R57.064bn rand worth of local bonds, excluding repo transactions.
For the year to date for total transactions, including repo transactions, foreigners have been net buyers of R32.192bn of local bonds. In 2010 they bought net R44.541bn worth of bonds.
