Johannesburg - The SA bond market rallied at noon on Friday‚
with shorter end of the yield curve in particular attracting much interest.
“There's renewed buying interest from foreigners after they
digested both the outcomes of the European Central Bank and US Federal
Reserve‚” a Johannesburg-based bond trader said. “Liquidity however remains
thin ahead of the US jobs report this afternoon.
At 11:58 the benchmark R157 bond yield was trading at 5.450%
from Thursday’s close of 5.530%. The R207 was at 6.420% from its previous close
of 6.485% and the R186 was trading at 7.305% from its previous close of 7.360%.
The rand was bid at R8.2666 against the dollar from
Thursday’s close of R8.3539.
Foreigners were net buyers of R1.496bn of South African
bonds including repo transactions on Thursday after net purchases of R1.832bn
of local bonds on Wednesday‚ data released by the JSE show.
Nominal cumulative volume was R84.365bn on Thursday from
R51.269bn on Wednesday.
Foreigners were net buyers of R1.659bn of South African
bonds excluding repo transactions on Thursday after net purchases of R1.633bn
of local bonds on Wednesday.
For the year to date foreigners have been net buyers of
R66.982bn 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
R62.974bn of local bonds including repo transactions. In 2011 they bought
R37.501bn worth of local bonds.