Fin24

Bonds mixed in quiet trade

2012-11-12 18:19

Johannesburg - The SA bond market was mixed across the yield curve in muted Monday afternoon trade.

At 15.55 the benchmark R186 was trading at 7.590% from Friday’s close of 7.600%. The R157 was trading at 5.475% from its previous close of 5.450%.

The R207 was bid at 6.455% and offered at 6.445%‚ from its previous close of 6.430%.

The rand was bid at R8.7093/$ from Friday’s close of R8.6935.

“We started off a little firmer before losing some ground at the shorter end during the session‚ on the weaker rand. But because volumes are so low‚ the moves may be exaggerated‚” said a local trader.