Johannesburg - The South African bond market was softer in
quiet midday trade on Friday on a weaker rand. Traders said volumes were thin
as the market waited for the December US non-farm payroll data due at 3.30pm
local time.
“We followed the rand weaker‚ but trading is subdued as we
wait for the US jobs data‚” a local bond trader said.
At 11:46am the benchmark R186 was trading at 7.380% from a
previous close of 7.295%. The R157 was trading at 5.390% from 5.355% previously
and the R207 was trading at 6.360% from its previous close of 6.310%.
The rand was last bid at R8.6537 to the US dollar from
R8.5878 previously.
Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.