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Johannesburg - South African bonds remained
weaker in late trade on Thursday as the local currency rubbed off on the
market.
A trader said the session had proved to be a quiet one with no major drivers other than the rand.
By 15:50, the benchmark R157 bond was trading at 6.690% from its previous close of 6.645%. The R207 was bid at 8.050% and offered at 8.055% from a previous close of 7.985% and the R186 was trading at 8.380 from its close of 8.335%.
The rand was bid at 7.9198 against the dollar from its previous close of 7.8135.
Earlier, another trader noted that there had been a bit of uncertainty in the market and "some concern around issuance".
Foreigners were net buyers of R1.457bn of South African bonds including repo transactions on Wednesday after net purchases of R2.241bn of local bonds on Tuesday, data released by the JSE shows.
Nominal cumulative volume was R28.359bn on Wednesday from R34.653bn on Tuesday.
Foreigners were net buyers of R924.188m of South African bonds excluding repo transactions on Wednesday after net purchases of R2.242bn of local bonds on Tuesday.
For the year to date, foreigners have been net buyers of R40.524bn worth of local bonds, excluding repo transactions. In 2010 foreigners bought net R57.064bn rand worth of local bonds, excluding repo transactions.
For the year to date for total transactions, including repo transactions, foreigners have been net buyers of R32.627bn of local bonds. In 2010 they bought net R44.541bn worth of bonds.
A trader said the session had proved to be a quiet one with no major drivers other than the rand.
By 15:50, the benchmark R157 bond was trading at 6.690% from its previous close of 6.645%. The R207 was bid at 8.050% and offered at 8.055% from a previous close of 7.985% and the R186 was trading at 8.380 from its close of 8.335%.
The rand was bid at 7.9198 against the dollar from its previous close of 7.8135.
Earlier, another trader noted that there had been a bit of uncertainty in the market and "some concern around issuance".
Foreigners were net buyers of R1.457bn of South African bonds including repo transactions on Wednesday after net purchases of R2.241bn of local bonds on Tuesday, data released by the JSE shows.
Nominal cumulative volume was R28.359bn on Wednesday from R34.653bn on Tuesday.
Foreigners were net buyers of R924.188m of South African bonds excluding repo transactions on Wednesday after net purchases of R2.242bn of local bonds on Tuesday.
For the year to date, foreigners have been net buyers of R40.524bn worth of local bonds, excluding repo transactions. In 2010 foreigners bought net R57.064bn rand worth of local bonds, excluding repo transactions.
For the year to date for total transactions, including repo transactions, foreigners have been net buyers of R32.627bn of local bonds. In 2010 they bought net R44.541bn worth of bonds.
