SA Bonds a tad softer in thin trade

Johannesburg‚ Dec 27 (I-Net Bridge) - The South African bond market drifted slightly weaker in quiet afternoon trade despite a firmer rand.

At 3.40pm‚ the benchmark R186 was trading at 7.230% from a previous close of 7.210%. The R157 was trading at 5.320% from 5.290% previously and the R207 was untraded.

File photo. Credit: Independent Newspapers

The rand was last bid at R8.4998 to the US dollar from R8.5657 previously.

“There is not much to say about the market because there is not much activity over the holidays. Some bonds have ticked up or down a basis point or two‚ but that's on very thin volumes‚” a local bond trader said.

Nominal cumulative volume on Monday was a mere R4 billion from R39 billion last Friday‚ giving an indication of just how little has been going on in the bond market this week.

3.40pm Bid Range so far Previous Close


R186 (2026) 7.230% bid 7.215% - 7.230% 7.210%

R157 (2016) 5.320% bid 5.320% - 5.320% 5.290%

R207 (2020) n/a n/a 6.230%

Bond Exchange of SA (in billions of rand)

Monday Friday

Nominal cumulative volume R4.085 R39.188

Net foreign purchases/(sales) (R0.006) R0.527

Net foreign purchases/(sales) in 2012: R84.692 billion

Net foreign purchases in 2011: R37.501 billion

Repo rate: 5.0%