Share

Bonds stronger on firmer rand

Johannesburg - The South African bond market was stronger in quiet midday trade on Friday‚ on the firmer rand.

The inflation-linked bond (ILB) auction at 11am saw bids worth R410m for the I2025‚ R420m for the I2038 and R350m for the I2050. Last week the Treasury received bids worth R1.16bn for these three bonds.

The National Treasury allotted R350m of the I2025‚ R250m of the I2038 and R200m of the I2050.

“We are seeing some more demand due to the firmer rand‚“ a local bond trader said.

At 12:01 the benchmark R186 was trading at 7.215% from 7.230% at Thursday’s close and 7.190% at Wednesday’s close. The R157 was trading at 5.265% from 5.285% at its previous close‚ and the R207 was bid at 6.260% and offered at 6.230% from its previous close of 6.265%.

The rand was last bid at R8.8735/$ from R8.8923/$ at Thursday’s close and R8.9062/$ at Wednesday’s close.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.07
-0.9%
Rand - Pound
24.07
-0.7%
Rand - Euro
20.56
-0.5%
Rand - Aus dollar
12.37
-0.2%
Rand - Yen
0.13
-0.8%
Platinum
899.20
+0.3%
Palladium
999.25
-0.3%
Gold
2,210.66
+0.7%
Silver
24.56
-0.4%
Brent Crude
86.09
-0.2%
Top 40
68,080
+0.6%
All Share
74,278
+0.5%
Resource 10
56,967
+2.4%
Industrial 25
103,572
+0.3%
Financial 15
16,456
-0.4%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders