See More

Bonds mixed in quiet trade

May 25 2012 14:55 I-Net Bridge

Related Articles

Bonds soft on euro, ignore CPI

Bonds firmer on rand in quiet session

Bonds perk up, eye rand

Bonds firm after switch auction

Bonds weaker as rand weighs

Bonds firmer after 'strong' auction

Johannesburg - South African bonds displayed a mixed bias in midday trade on Friday, in what a trader described as a quiet session.

The benchmark R157s were slightly softer and the R207s were a tad firmer.

At 11:50, the benchmark R157 bond was trading at 6.345% from Thursday's close of 6.340%. The R207 was trading at 7.550% from a previous close of 7.565% and the R186 was trading at 8.280% from its close of 8.305%.

The rand was bid at 8.3378 against the dollar from yesterday's close of 8.3506.

"Not much on the go here. I think after the rates call yesterday markets are just taking a breather. We'll continue to watch the rand," a trader said.

With no local data due today, markets will continue to take their direction from their global counterparts.

On Thursday, the Sarb left the repo rate unchanged at 5.5.%

Foreigners were net buyers of R458.202m of South African bonds including repo transactions on Thursday after net sales of R870.788m of local bonds on Wednesday, data released by the JSE shows.

Nominal cumulative volume was R60.621bn on Thursday from R63.119bn on Wednesday.

Foreigners were net buyers of R371.208m of South African bonds excluding repo transactions on Thursday after net sales of R813.932m local bonds on Wednesday.

For the year to date foreigners have been net buyers of R38.147bn of local bonds, excluding repo transactions. In 2011 they were net buyers of R47.359bn worth of local bonds, excluding repo transactions.

In the year to date foreigners have been net buyers of R34.215bn of local bonds including repo transactions. In 2011 they bought R37.501bn worth of local bonds.
bonds  |  rand  |  dollar


Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes

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
Add your comment
Comment 0 characters remaining

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.

Money Clinic

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