• Conflict over water, coal

    SA's leaders have upped their support of the water-intensive coal industry, says Keith Schneider.

  • Cost of doing business

    The world can't afford the $4.7trn a year in environmental costs of business, says Mandi Smallhorne.

  • Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

All data is delayed
Loading...
See More

Bonds stronger due to coupon flow

Dec 19 2012 12:52
I-Net Bridge
Johannesburg - The South African bond market was firmer at noon on Wednesday due to foreign buying interest‚ despite a weaker rand.

“December is a high coupon month with a lot of demand for bond coupons‚ which is driving the flow. About 35% of the local bond market is held by foreigners and they are still buying. Traders do not want to be caught short and are trying to cover their positions‚” a bond trader said.

At 11:38, the benchmark R186 was trading at 7.240%‚ from a close of 7.300% on Tuesday. The R157 was trading at 5.340% from a close of 5.390% previously. 

The R207 was bid at 6.320% and offered at 6.310% from a close of 6.345% before. 

The rand was last bid at R8.4800/$ from R8.4468 previously.

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

markets bonds

NEXT ON FIN24X

 
 
 

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 DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

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

Voting Booth

The upcoming petrol price hike is:

Previous results · Suggest a vote

Loading...