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Bond markets firm despite soft rand

Johannesburg - The long end of the South African bond market was firmer in quiet midday trade on Monday despite a softer rand.

“The long end is firm as that is where foreigners look to pick up stock‚ but otherwise the market is steady despite the weaker rand‚” a local bond trader said.

At 11.41am‚ the benchmark R186 was trading at 7.330% from 7.350% at Friday’s close and 7.420% at Thursday’s close.
The R157 was trading at 5.460%‚ unchanged from its previous close. The R207 was bid at 6.395% and offered at 6.385%‚ from its previous close of 6.410%.

The rand was bid at R8.6883/$ from Friday’s close of R8.6708 and Thursday’s close of R8.6886.
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Rand - Dollar
18.98
-0.2%
Rand - Pound
24.14
-0.1%
Rand - Euro
20.63
-0.2%
Rand - Aus dollar
12.39
+0.2%
Rand - Yen
0.13
+0.3%
Platinum
911.88
-1.3%
Palladium
1,019.74
-4.3%
Gold
2,160.25
-0.0%
Silver
25.10
+0.3%
Brent Crude
86.89
+1.8%
Top 40
66,252
0.0%
All Share
72,431
0.0%
Resource 10
53,317
0.0%
Industrial 25
100,473
0.0%
Financial 15
16,622
0.0%
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