• Inside Labour

    Terry Bell explores the connection between poultry, poverty and desperation.

  • A new ANC sweeper?

    Have the Guptas' new auditors mastered how to look the other way on cue, asks Solly Moeng.

  • Strategy for the big boys

    Formulating strategy across the span of huge companies is a marathon, says Ian Mann.

All data is delayed
Loading...
See More

CPI has no effect on bonds

Dec 12 2012 13:26
I-Net Bridge

Johannesburg - The bond market was quiet on Wednesday at noon‚ with the consumer price index at 5.6% year on year in November - the same as in October - not having any effect on the bond market.

“The CPI came in at market and as a result had no effect on bonds at all. There isn’t a lot going on in the market at the moment‚ although there was a bit of interest in the 2048s earlier‚ with funds lengthening their durations for the last month and a half already‚” a local trader said.

At 11:51am‚ the benchmark R186 was bid at 7.325% and offered at 7.295%‚ from a close of 7.305% on Tuesday. The R157 was trading at 5.420% from a close of 5.425% on Tuesday. The R207 was bid at 6.375% and offered at 6.350% from a close of 6.360% on Tuesday.

At 11:51am the rand was bid at R8.6653 per US dollar from a close of R8.6560 on Tuesday.

The last inflation-linked bond auction for the year takes place on Friday.

 

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

bonds  |  markets

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:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

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

Voting Booth

The drop in inflation:

Previous results · Suggest a vote

Loading...