All data is delayed
Loading...
See More

Bonds stay firm after first auction

Jan 08 2013 13:11
I-Net Bridge
Johannesburg - The South African bond market was firm in midday trade on Tuesday after this year’s first bond auction at 11:00.

The South African Treasury on Tuesday allotted R1.1bn worth of R213 bonds at a clearing yield of 7.730% and R1bn worth of R2048 bonds at a clearing yield of 8.240%. The amount offered for the R213 was R2.075bn‚ while for the R2048 it was R2.515bn.

“It was a good auction and should set the tone for the first two months until the budget in late February‚” a local bond dealer said.

At 8:54, the benchmark R186 was trading at 7.200% from Monday’s close of 7.260% and Friday’s close of 7.365%. The R157 was trading at 5.315% from 5.340% previously and the R207 was bid at 6.245% and offered at 6.215% from its previous close of 6.275%.

The rand was last bid at R8.5820/$ from R8.5648 at Monday’s close and R8.5549 at Friday’s close. 

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

markets bonds

 
 
 

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
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE SAVINGS ISSUE

Saving can make a lot of things possible, but we all know how hard it is to save. This special Savings Issue will help you get focused.
 

Money Clinic

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

Voting Booth

Previous results · Suggest a vote

Loading...