Johannesburg – The SA bond market remained a little softer at noon on Friday‚ with a muted reaction from the inflation-linked bond (ILB) auction.
At 12:15 the benchmark R157 bond was trading at 5.480% from Thursday’s close of 5.465% and Wednesday’s close of 5.450%. The R207 was bid at 6.490% and offered at 6.480% from its previous close of 6.465%‚ and the R186 was trading at 7.770% from its previous close of 7.730%.
The rand was bid at R8.7516/$ from Thursday’s close of R8.7755.
“Trading patterns remain fairly thin; we are rand driven for now‚” said a local trader.
The SA Reserve Bank on Friday allotted R2.685bn of 3-month Treasury Bills at an average discount rate of 4.94%. The bank allotted R1.515bn worth of 6-month Treasury Bills at an average discount rate of 4.94% and R1.100bn worth of 9-month Treasury Bills at 4.91%. The Bank allotted R880m worth of 12-month Treasury Bills at an average discount rate of 4.82%.