Publications
Partners
Johannesburg - South African bonds were slightly weaker in midday trade on Friday following the weekly inflation-linked bond (ILB) auction at 11:00.
“It looks like bonds were weaker on the back of a weaker rand this morning‚” a local trader said. “We also gather that there might have been an offshore player that was offloading stock this morning and that would have also affected the yield.”
At 11:55 the benchmark R186 was trading at 6.860% from 6.845% at Thursday’s close and 6.810% at Wednesday’s close. On Tuesday it touched a record low 6.750% before closing at 6.770%. The R157 was trading at 5.260% from 5.245% at its previous close‚ and the R207 was bid at 6.035% and offered at 6.005% from 6.010% at its previous close.
The rand was bid at R9.1371/$ from R9.0668/$ at Thursday’s close and R9.1239/$ at Wednesday’s close.
“It looks like bonds were weaker on the back of a weaker rand this morning‚” a local trader said. “We also gather that there might have been an offshore player that was offloading stock this morning and that would have also affected the yield.”
At 11:55 the benchmark R186 was trading at 6.860% from 6.845% at Thursday’s close and 6.810% at Wednesday’s close. On Tuesday it touched a record low 6.750% before closing at 6.770%. The R157 was trading at 5.260% from 5.245% at its previous close‚ and the R207 was bid at 6.035% and offered at 6.005% from 6.010% at its previous close.
The rand was bid at R9.1371/$ from R9.0668/$ at Thursday’s close and R9.1239/$ at Wednesday’s close.
