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Bonds untraded as markets reopen

Dec 27 2012 10:10 I-Net Bridge

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Johannesburg – South African bonds were untraded early on Thursday as the local market reopened after the Christmas holidays. Many players are still away‚ so conditions are expected to be extremely thin today‚ and will likely remain that way until the second week in January.

Nominal cumulative volume on Monday was a mere R4bn from R39bn last Friday‚ giving an indication of just how little has been going on in the bond market this week.

At 09:00‚ the benchmark R186 was bid at 7.225% and offered at 7.220% from 7.210% at the previous close. The R157 was bid at 5.320% and offered at 5.300% from 5.290% and the R207 was bid at 6.245% and offered at 6.235% from 6.230%.

The rand was last bid at R8.5629/$ from R8.5657 previously.

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