Bonds a tad firmer, volumes thin
Johannesburg - South African bonds were slightly
firmer in midday trade on Wednesday, as they tracked the rand.
At 11:50, the benchmark R157 bond was trading at 6.705%, from
its close on Tuesday of 6.710%. The R207 was bid at 7.805% and offered
at 7.775% from a previous close of 7.795% and the R186 was trading at
8.300% from its close of 8.315%.
The rand was bid at 7.6378 against the dollar from its previous close of 7.6467.
"The rand is providing a positive boost, but it's
exceptionally quiet - volumes are really thin," a local bond trader