Johannesburg – The South African bond market slipped from its morning best level in afternoon trade on Wednesday on a weaker rand.
“We are still firmer relative to Tuesday‚ but off our best levels as the rand gave up some of its recent gains‚” a local bond trader said.
At 15:44 local time‚ the benchmark R157 bond was trading at 5.410% from its best level of 5.360% and 5.420% at Tuesday’s close. The R207 was bid at 6.450% and offered at 6.430% from Tuesday’s close of 6.490%‚ and the R186 was trading at 7.470% from 7.510% at its previous close.
The rand was bid at R8.2330 from Tuesday’s close of R8.1825.