• Dangerous games

    Employers' body Neasa is playing a potentially dangerous game, says Terry Bell.

  • Rational thinking

    All players should first consider the net result of their actions, says Leopold Scholtz.

  • Telkom's property poser

    BEE may be hindering Telkom's plans to offload redundant real estate, says Gugu Lourie.

Data provided by iNet BFA
Loading...
See More

Bonds soft after poor auction

Jun 18 2013 12:55 I-Net Bridge

Related Articles

Rand stays at R10/$ level

Bonds softer on weaker rand

Bonds edge up after losses, rand steadies

Bonds slide

Ooba sets 5-year home loan approval high

Central Bank fears cause global selloff

 
Johannesburg - The South African bond market was soft in midday trade on Tuesday after a poor weekly bond auction at 11:00.

The National Treasury allotted R800m of R186 bonds at a clearing yield of 7.940%‚ R800m of R213 bonds at a clearing yield of 8.600% and R750m of R209 bonds at a clearing yield of 8.800%.

Bids received were R1.76bn‚ R1.77bn and R1.45bn respectively.

Last week the Treasury allotted R800m of R213 bonds at a clearing yield of 9.065%‚ R750m of R214 bonds at a clearing yield of 9.270% and R800m of R2048 bonds at a clearing yield of 9.520%.

Bids received were R1.68bn‚ R1.64bn and R1.315bn respectively.

“There is so much uncertainty in the market it was no wonder the clearing yields were higher than the market at the time‚” a local bond trader said.

At 11.52 the benchmark R186 bond was trading at 7.950% from 7.760% at Friday’s close and 7.890% at Thursday’s close.

The R157 was trading at 6.210% from 6.070% previously and the R207 was bid at 7.385% and offered at 7.360% from 7.170% at its previous close.

The rand was bid at R10.0058/$ from R9.9551 at its previous close. 

markets bonds
NEXT ON FIN24X

Rand stays at R10/$ level

2013-06-18 09:10

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

No need to keep up with the Joneses

Fin24 users provide their own personal tips on how to save money instead of trying to keep up with the Joneses.

 
 

Start saving...

Where can you stash your cash?
Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...