• SABC shenanigans

    SA has already embarked on a slippery slope to autocracy, warns Terry Bell in Inside Labour.

  • Zim tastes people power

    Protests in Zimbabwe are forcing Mugabe to face anti-government sentiment, says Memory Mataranyika.

  • Platinum handshake

    Officials who try to do what's right risk far more than blessed wrongdoers, says Solly Moeng.

All data is delayed
Loading...
See More

Bonds tad stronger on rand

Dec 18 2012 14:33
I-Net Bridge
Johannesburg - The South African bond market gained a few points during the morning session on Tuesday after the holiday on Monday on the stronger rand over the weekend.

At 12:46‚ 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 R8.5519/$ 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.

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

markets bonds

 
 
 

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 SAVINGS ISSUE

Saving can make a lot of things possible, but we all know how hard it is to save. This special Savings Issue will help you get focused.
 

Money Clinic

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

Voting Booth

Sarb's decision to keep the repo rate unchanged is:

Previous results · Suggest a vote

Loading...