Publications
Partners
Johannesburg - The benchmark R157s were flat in
midday trade on Thursday, while other major bonds were untraded.
A domestic bond trader said that after Tuesday's "Citi story" the rand and bond market had quietened down.
On Tuesday, it was announced that South African government bonds were likely to be included in the World Government Bond Index (WGBI).
Bond yields firmed the most in more than three years on Tuesday after investment banking firm Citigroup said SA government bonds were entering a monitoring period for inclusion in the index from October 1.
The rand appreciated 16 cents to R7.80/US$ following the news.
"I think everyone's just taking stock of what's going on. We're basically tracking the rand today - it's a little stronger we're trading round about the 6.50 level on the R157s, which is basically unchanged from yesterday," the trader said.
At 11:50, the benchmark R157 bond was bid at 6.510% and offered at 6.495% from its previous close of 6.495%. The R207 was bid at 7.590% and offered at 7.570% from a previous close of 7.580%, and the R186 bid at 8.170% and offered at 8.145% from its close of 8.150%.
The rand was bid at R7.8185 against the dollar from its previous close of 7.8366.
Meanwhile, Dow Jones Newswires said that Spain's government managed to sell slightly more bonds than it planned, bringing its bond issuance so far this year close to 50% of its annual target and indicating there was still some demand from Spanish banks.
Spain's Treasury raised a higher-than-expected €2.541bn in an issue of two- and 10-year bonds, a Bank of Spain statement said.
Foreigners were net buyers of R1.613bn of South African bonds including repo transactions on Wednesday after net purchases of R7.790bn of local bonds on Tuesday, data released by the JSE shows.
Nominal cumulative volume was R93.899bn on Wednesday from R256.745bn on Tuesday.
Foreigners were net buyers of R2.249bn of South African bonds excluding repo transactions on Wednesday after net purchases of R7.787bn of local bonds on Tuesday.
For the year to date foreigners have been net buyers of R27.547bn 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 R23.950bn of local bonds including repo transactions. In 2011 they bought R37.501bn of local bonds.
A domestic bond trader said that after Tuesday's "Citi story" the rand and bond market had quietened down.
On Tuesday, it was announced that South African government bonds were likely to be included in the World Government Bond Index (WGBI).
Bond yields firmed the most in more than three years on Tuesday after investment banking firm Citigroup said SA government bonds were entering a monitoring period for inclusion in the index from October 1.
The rand appreciated 16 cents to R7.80/US$ following the news.
"I think everyone's just taking stock of what's going on. We're basically tracking the rand today - it's a little stronger we're trading round about the 6.50 level on the R157s, which is basically unchanged from yesterday," the trader said.
At 11:50, the benchmark R157 bond was bid at 6.510% and offered at 6.495% from its previous close of 6.495%. The R207 was bid at 7.590% and offered at 7.570% from a previous close of 7.580%, and the R186 bid at 8.170% and offered at 8.145% from its close of 8.150%.
The rand was bid at R7.8185 against the dollar from its previous close of 7.8366.
Meanwhile, Dow Jones Newswires said that Spain's government managed to sell slightly more bonds than it planned, bringing its bond issuance so far this year close to 50% of its annual target and indicating there was still some demand from Spanish banks.
Spain's Treasury raised a higher-than-expected €2.541bn in an issue of two- and 10-year bonds, a Bank of Spain statement said.
Foreigners were net buyers of R1.613bn of South African bonds including repo transactions on Wednesday after net purchases of R7.790bn of local bonds on Tuesday, data released by the JSE shows.
Nominal cumulative volume was R93.899bn on Wednesday from R256.745bn on Tuesday.
Foreigners were net buyers of R2.249bn of South African bonds excluding repo transactions on Wednesday after net purchases of R7.787bn of local bonds on Tuesday.
For the year to date foreigners have been net buyers of R27.547bn 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 R23.950bn of local bonds including repo transactions. In 2011 they bought R37.501bn of local bonds.
