All data is delayed
See More

Bonds steepen after switch auction

Nov 15 2012 12:47
I-Net Bridge
Johannesburg - The South African bond curve steepened in quiet midday trade on Thursday after the switch auction‚ which saw the national treasury switch R1bn of R209 into R186 bonds after it received bids worth R1.89bn.

“The curve is steepening as we have more R186 bonds available‚ while the short end is well anchored‚” a local bond trader said.

At 11:55‚ the benchmark R186 was trading at 7.745% from Wednesday’s close of 7.695%. The R157 was trading at 5.470% from its previous close of 5.465%. The R207 was trading at 6.510% from its previous close of 6.495%.

The rand was bid at R8.9238 from Wednesday’s close of R8.9020 and Tuesday’s close of R8.7848.
bonds  |  rand  |  dollar



Read Fin24’s Comments Policy 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
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills..

Money Clinic

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

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote