Share

Bonds off worst level on rand recovery

Johannesburg - The South African bond market was mixed‚ but off its worst level in midday trade on Tuesday as the rand recovered.

“The rand recovery has helped our market. The auction also saw good demand for the R186‚” a local bond dealer said.

At 11:33 the benchmark R186 was trading at 7.455% from 7.335% at Mondays’ close and 7.350% at Friday’s close. The R157 was trading at 5.420% from 5.430% at its previous close and the R207 was trading at 6.410% from its previous close of 6.400%.

The rand was last bid at R9.0667/$ from a worst level in the early trade of R9.1258/$‚ and R9.0897/$ at Monday’s close.

The South African Treasury on Tuesday allotted R700m each worth of R186 bonds at a clearing yield of 7.460%‚ R209 bonds at a clearing yield of 8.320% and R213 bonds at a clearing yield of 8.050%. Bids amounted to R2.99bn‚ R1.8bn and R1.89bn respectively.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.99
-0.2%
Rand - Pound
24.11
+0.0%
Rand - Euro
20.61
-0.1%
Rand - Aus dollar
12.38
+0.4%
Rand - Yen
0.13
+0.4%
Platinum
902.37
-2.3%
Palladium
1,004.75
-0.1%
Gold
2,155.09
-0.3%
Silver
24.96
-0.3%
Brent Crude
86.89
+1.8%
Top 40
66,027
-0.3%
All Share
72,208
-0.3%
Resource 10
53,305
-0.0%
Industrial 25
99,749
-0.7%
Financial 15
16,627
+0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders