• Inside Labour

    Government's farming policies have had a damaging effect, says Terry Bell.

  • Hunter feeling the heat

    The killer of Cecil the lion is now the one getting hunted - by outraged Americans.

  • Making media behave

    Is patriotic reporting another name for whitewashing corruption, asks Leopold Scholtz.

Loading...
See More

Bonds off best level on profit taking

Dec 21 2012 13:44
I-Net Bridge

Johannesburg - South African bonds were off the day’s best levels in midday trade on Friday on profit taking prompted by a weaker rand.

“We had a strong run during December‚ especially in the long end‚ so we are not surprised to see some profit taking once the rand failed to move below R8.40‚” said a local bond trader.

At 11:45‚ the benchmark R186 was trading at 7.180% from a close of 7.190% on Thursday. The R157 was trading at 5.290% from a close of 5.285% previously. The R207 was trading at 6.220% from a close of 6.235% before.

The rand was last bid at R8.5783/$ from R8.4816 previously.

Activity on the markets is fairly muted‚ with many traders already on holiday and market conditions extremely quiet ahead of the festive season. These conditions are likely to prevail until the new year.

Local markets are open half day on Monday‚ and are then closed on Tuesday and Wednesday for the Christmas and Day of Goodwill holidays. They will reopen on Thursday December 27.


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
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About...

Money Clinic

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

Voting Booth

Introducing tablets in schools is:

Previous results · Suggest a vote

Loading...