Share

Bonds stays firmer on rand

Johannesburg – The South African bond market remained unchanged in late trade on Tuesday with few if any trades recorded in the afternoon session and many traders having called it a day soon after the lunch break.

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.

The South African bond market remained unchanged in late session from the midday levels in quite session.

At 4.24‚ the benchmark R186 was trading at 7.320%‚ from a close of 7.330% on Friday. The R157 was trading at 5.395% from a close of 5.415% previously. The R207 was bid at 6.360% and offered at 6.330% from a close of 6.370% before.

The rand was last bid at R8.53/$ from R8.5218/$ previously‚ but was still far stronger than the R8.6521/$ on Friday.

“The bond market has been led by moves in the rand over the weekend as the euro strengthened. This is giving a bit of impetus‚ but liquidity has not been that great‚ so I wouldn’t read too much into it‚” an RMB dealer said.
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.03
-0.7%
Rand - Pound
24.01
-0.5%
Rand - Euro
20.54
-0.3%
Rand - Aus dollar
12.36
-0.0%
Rand - Yen
0.13
-0.6%
Platinum
900.50
+0.4%
Palladium
1,002.25
+0.1%
Gold
2,209.77
+0.7%
Silver
24.53
-0.5%
Brent Crude
86.09
-0.2%
Top 40
68,080
+0.6%
All Share
74,278
+0.5%
Resource 10
56,967
+2.4%
Industrial 25
103,572
+0.3%
Financial 15
16,456
-0.4%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders