• Wealth and poverty

    True riches would be to create a safe and satisfied community for all South Africans.

  • 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.

All data is delayed
Loading...
See More

Bonds weaker on softer rand

Jan 03 2013 12:33
I-Net Bridge
Johannesburg - The South African bond market was weaker in quiet midday trade on Thursday on a softer rand.

“The softer rand prompted some profit-taking‚ but otherwise there is little to move the market‚” a local bond trader said.

At 11:42 the benchmark R186 was trading at 7.250% from a previous close of 7.230%. The R157 was trading at 5.340% from 5.315% previously and the R207 was bid at 6.305% and offered at 6.275% from its previous close of 6.255%.

The rand was last bid at R8.5331/$ from R8.4783 previously.

Foreign buying of local bonds got off to a strong start in 2013‚ with non residents buying a net R2 381bn of South African bonds including repo transactions on Wednesday - the first trading day of 2013.

In 2012 non residents were net buyers of R85 373bn of local bonds including repo transactions and net buyers of R93 515bn of local bonds‚ excluding repo transactions.

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

bonds  |  markets

 
 
 

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...