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Johannesburg - South African bonds were mostly
untraded in midday play on Monday; however, the benchmark R157s were
firm, on the back of the stronger local currency.
This is a thin economic data release week as it is a four-day working week, with markets closed on Friday for the Easter long weekend.
At 11:50, the benchmark R157 bond was at trading 6.680% from its previous close of 6.690%. The R207 was bid at 7.800% and offered at 7.770% from a previous close of 7.795%, and the R186 was bid at 8.365% and offered at 8.335% from its close of 8.365%.
The rand was bid at 7.6314 against the dollar from its previous close of 7.6620.
"It's very quiet, there's nothing happening; we're just following the rand around basically.
"The way we were trading towards the end of last week indicated that guys were already wrapping up ahead of the Easter holidays," a trader said.
The seasonally adjusted Kagiso Purchasing Managers' Index (PMI) remained above the key 50 index point level and registered 55.1 in March. This was, however, down on the 57.9 recorded in February.
The PMI, conducted monthly by the Bureau for Economic Research and the Chartered Institute of Purchasing and Supply, is a key leading indicator for activity in the manufacturing sector.
An index level of below 50 represents contraction in the manufacturing sector, while a reading of more than 50 signifies expansion.
Foreigners were net buyers of R29.439m of South African bonds including repo transactions on Friday after net purchases of R2.270bn of local bonds on Thursday, data released by the JSE shows.
Nominal cumulative volume was R60.421bn on Friday from R55.858bn on Thursday.
Foreigners were net buyers of R28.245m of South African bonds excluding repo transactions on Friday after net purchases of R2.269bn of local bonds on Thursday.
For the year to date foreigners have been net buyers of R21.155bn of local bonds, excluding repo transactions. In 2011 they were net buyers of R47.359bn worth of local bonds, excluding repo transactions.
In the year to date foreigners have been net buyers of R18.667bn of local bonds including repo transactions. In 2011 they bought R37.501bn of local bonds.
This is a thin economic data release week as it is a four-day working week, with markets closed on Friday for the Easter long weekend.
At 11:50, the benchmark R157 bond was at trading 6.680% from its previous close of 6.690%. The R207 was bid at 7.800% and offered at 7.770% from a previous close of 7.795%, and the R186 was bid at 8.365% and offered at 8.335% from its close of 8.365%.
The rand was bid at 7.6314 against the dollar from its previous close of 7.6620.
"It's very quiet, there's nothing happening; we're just following the rand around basically.
"The way we were trading towards the end of last week indicated that guys were already wrapping up ahead of the Easter holidays," a trader said.
The seasonally adjusted Kagiso Purchasing Managers' Index (PMI) remained above the key 50 index point level and registered 55.1 in March. This was, however, down on the 57.9 recorded in February.
The PMI, conducted monthly by the Bureau for Economic Research and the Chartered Institute of Purchasing and Supply, is a key leading indicator for activity in the manufacturing sector.
An index level of below 50 represents contraction in the manufacturing sector, while a reading of more than 50 signifies expansion.
Foreigners were net buyers of R29.439m of South African bonds including repo transactions on Friday after net purchases of R2.270bn of local bonds on Thursday, data released by the JSE shows.
Nominal cumulative volume was R60.421bn on Friday from R55.858bn on Thursday.
Foreigners were net buyers of R28.245m of South African bonds excluding repo transactions on Friday after net purchases of R2.269bn of local bonds on Thursday.
For the year to date foreigners have been net buyers of R21.155bn of local bonds, excluding repo transactions. In 2011 they were net buyers of R47.359bn worth of local bonds, excluding repo transactions.
In the year to date foreigners have been net buyers of R18.667bn of local bonds including repo transactions. In 2011 they bought R37.501bn of local bonds.
