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.
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