Bonds barely moved in thin conditions

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Johannesburg‚ Dec 28 (I-Net Bridge) - The South African bond market was barely moved from its overnight levels in quiet Friday morning trade‚ with no fresh news to offer direction . Conditions are extremly quiet and are likely to remain as such until the second week in January‚ when most players start returning to work.

At 8.30am the benchmark R186 was bid at 7.260% and offered at 7.220% from a previous close of 7.230%. The R157 was bid at 5.320% and offred at 5.300% from 5.310% previously and the R207 was bid at 6.260% and offered at 6.240% from its overnight close of 6.250%.

The rand was last bid at R8.4881 to the US dollar from R8.4778 previously.

Trade data for November is due for release at 2pm‚ but is unlikely to have any effect on the market as many players will have already left for the day.

8.30am Bid Range so far Previous Close

(6.30am)

R186 (2026) 7.260% bid n/a 7.230%

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

R207 (2020) 6.260% 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 billion

Net foreign purchases in 2011: R37.501 billion

Repo rate: 5.0%

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