Publications
Partners
“Nothing is happening so trade is very quiet as many European and US traders are on holiday‚” a local trader said.
At 11:40‚ the benchmark R157 bond was bid at 5.690% and offered at 5.670% from 5.690% at Friday’s close and Thursday’s close of 5.655%‚ the R207 was bid at 6.775% and offered at 6.745% from its previous close of 6.770% and the R186 was bid at 7.650% and offered at 7.630% from its previous close of 7.650%.
The rand was bid at R8.2943 per dollar from R8.3127 at Friday’s close and Thursday’s close of R8.2198.
Dow Jones Newswires reported that UK gross mortgage lending increased in July from June‚ continuing the unsettled pattern of monthly rises and falls as one-off effects alter the market on a monthly basis‚ figures from the Council of Mortgage Lenders (CML) showed on Monday.
The CML said that gross mortgage lending totaled £12.7bn ($19.5bn) in July‚ up 8% from £11.7bn in June‚ and 2% higher than the £12.5bn total recorded in July 2011.
"Gross mortgage lending showed an 8% increase from last month‚ continuing the see-saw pattern seen throughout this year‚ albeit against a broadly flat market‚" said Caroline Purdey‚ CML market and data analyst.
"Interpretation of recent trends continues to be challenged by one-off effects. We look forward to the September figures when the distorting effects of the Diamond Jubilee and the Olympics should largely have worked their way through."
Foreigners were net sellers of R2.332bn of South African bonds including repo transactions on Friday after net sales of R1.338bn of local bonds on Thursday‚ data released by the JSE show.
Nominal cumulative volume was R48.893bn on Friday from R86.888bn on Thursday.
Foreigners were net sellers of R2.117bn of local bonds excluding repo transactions on Friday after net sales of R665.289m of local bonds on Thursday.
For the year to date foreigners have been net buyers of R63.112bn of local bonds‚ excluding repo transactions. In 2011 they were net buyers of R47.359bn worth of local bonds‚ excluding repo transactions.
In the year to date foreigners have been net buyers of R62.218bn of local bonds including repo transactions. In 2011 they bought R37.501bn worth of local bonds.
