• Caught in the debt trap?

    Help us help you by taking our second annual Debt survey and you could win R3 000.

  • Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

Data provided by McGregor BFA
All data is delayed
Loading...
See More

Bonds soft despite good auction

Feb 19 2013 12:51 I-Net Bridge

Related Articles

Bonds flat in lacklustre session

Bonds off best levels on softer rand

Bonds firm after ILB auction

Bonds weaker on softer rand

House prices on the up

Bonds await CPI figures

 
Johannesburg - The South African bond market was slightly softer but off its worst levels in midday trade on Tuesday despite good bid-offer ratios at the weekly bond auction at 11:00.

The National Treasury offered R500m worth of R123 bonds‚ as well as R800m each of R209 and R2048 bonds and received bids worth R2.21bn‚ R3.345bn and R1.845bn respectively.

“We were surprised at how strong the bids were at the auction given the soft rand. This indicates that there is strong underlying demand‚ so if the rand regains its poise‚ then bonds should go stronger‚” a local bond trader said.

At 12:00 the benchmark R186 was trading at 7.330% from 7.300% at Monday’s close and 7.280% at Friday’s close. The R157 was trading at 5.350% from 5.340% at its previous close‚ and the R207 was trading at 6.320% from its previous close of 6.305%.

The rand was last bid at R8.9255/$ from R8.8830 at Monday’s close and R8.8542 at Friday’s close. 

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

markets bonds
NEXT ON FIN24X

 
 
 

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

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Fewer high-risk election areas - Mthethwa

There are fewer high-risk election areas this year compared to past elections, Police Minister Nathi Mthethwa has said while visiting Manenberg in Cape Town.

 
 

Latest elections multimedia

Watch what happened when we blindfolded Helen Zille and asked her to eat random things
13 days to elections - news you need to know
11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille

Money Clinic

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