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Johannesburg - The South African bond market was slightly softer in lacklustre afternoon trade on Friday.

At 3.50pm the benchmark R186 was bid at 7.265% and offered at 7.250% from a previous close of 7.230%. The R157 was bid at 5.320% and offered at 5.305% from 5.310% previously and the R207 was bid at 6.265% and offered at 6.250% from its overnight close of 6.250%.

The rand was last bid at R8.4983 to the US dollar from R8.4778 previously.

Trading volumes are extremely thin and are likely to remain as such until the second week in January‚ when most players start returning to work.

The deficit on SA's trade account continued to deteriorate in November‚ with the account recording its 11th consecutive deficit for trade with non-Southern African Customs Union (non-SACU) trading partners.

A R7.9bn deficit was recorded in November‚ following a R21.2bn deficit in October‚ SARS customs and excise figures released on Friday showed.

3.50pm Bid Range so far Previous Close


R186 (2026) 7.265% bid n/a 7.230%

R157 (2016) 5.320% bid n/a 5.310%

R207 (2020) 6.265% bid n/a 6.250%

Bond Exchange of SA (in billions of rand)

Monday Thursday

Nominal cumulative volume R4.085 R34.015

Net foreign purchases/(sales) (R0.006) (R0.230)

Net foreign purchases/(sales) in 2012: R84.462 billio

- I-Net Bridge