Fin24

Rand, bonds firm after rate unchanged

2012-11-22 15:54

Johannesburg - The rand and government bonds firmed slightly after the central bank kept rates at 5% on Thursday as expected.

The rand firmed immediately after the announcement and was at 8.9309/$ by 13:25 GMT compared to 8.944 beforehand.

The yield on the 14-year benchmark bond was at 7.605% from 7.62% while that for the three year paper was at 5.47% from 5.485%.