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Johannesburg - South African bonds were up to 4
basis points firmer in midday play on Friday, which a trader attributed
to improved sentiment on the back of a stronger local currency.
At 11:50, the benchmark R157 bond was trading at 6.620%, from
its previous close of 6.650%. The R207 was bid at 7.745% and offered at
7.715% from a previous close of 7.765% and the R186 was trading at
8.250% from its close of 8.290%.
The rand was bid at 7.7407 against the dollar from its previous close of 7.7653.
With no local data due today, markets will eye their international counterparts for direction.
Foreigners were net buyers of R240.614m of South
African bonds including repo transactions on Thursday after net sales of
R298.876m of local bonds on Wednesday, data released by the JSE
show.
Nominal cumulative volume was R60.368bn on Thursday from R66.660bn on Wednesday.
Foreigners were net buyers of R232.119bn of South
African bonds excluding repo transactions on Thursday after net sales of
R313.483m of local bonds on Wednesday.
For the year to date foreigners have been net buyers of
R11.748bn 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 R10.197bn of local bonds including repo transactions. In 2011 they bought
R37.501bn of local bonds.