Johannesburg - South African bonds maintained a firmer tone across the yield curve just after lunch in thin trading conditions.
At 3:38‚ the benchmark R186 was trading at 7.200% from a close of 7.240% on Wednesday. The R157 was trading at 5.300% from a close of 5.335% previously. The R207 was bid at 6.250% and offered at 6.220% from a close of 6.290% before.
The rand was last bid at R8.5039/$ from R8.4928/$ previously.
“There is a small amount of buying interest but as liquidity is so low these deals move the market quite significantly‚” a local trader said.
With many traders already on holiday and market conditions extremely quiet ahead of the festive season‚ these conditions are likely to prevail until the new year.
At 3:38‚ the benchmark R186 was trading at 7.200% from a close of 7.240% on Wednesday. The R157 was trading at 5.300% from a close of 5.335% previously. The R207 was bid at 6.250% and offered at 6.220% from a close of 6.290% before.
The rand was last bid at R8.5039/$ from R8.4928/$ previously.
“There is a small amount of buying interest but as liquidity is so low these deals move the market quite significantly‚” a local trader said.
With many traders already on holiday and market conditions extremely quiet ahead of the festive season‚ these conditions are likely to prevail until the new year.