Johannesburg - The bond market was softer in midday trade on
Wednesday after the release of the September consumer price index (CPI) at 10am
showed a 5.5% year-on-year (y/y) increase compared with the consensus forecast
of a 5.2% y/y rise and August’s 5.0% y/y gain.
“The short end sold off after the CPI‚ so we have seen the
curve flatten a bit‚” a local bond dealer said.
At 11:36am the benchmark R157 bond was trading at 5.450%
from Tuesday’s close of 5.385%. The R207 was trading at 6.440% from its
previous close of 6.420%‚ and the R186 was trading at 7.705% from its previous
close of 7.645%.
The rand was bid at R8.8000 to the dollar from Tuesday’s close of R8.7595 and Monday’s close of R8.6350.