Bonds slightly weaker ahead of auction

03 May 2016 - 13:30 By Staff Writer

The South African bond market was slightly weaker on Tuesday morning ahead of the Treasury’s bond auction later in the morning.The bonds on offer are the R2035 (R800m)‚ the R2037(R750m) and the R2040 (R800m)."Demand has been robust from an offshore perspective‚ which should see good demand and relatively strong clearing levels this morning‚" Rand Merchant Bank analyst Deon Kohlmeyer said.At 9.12am‚ the benchmark R186 bond was bid at 8.970% and offered at 8.955% from Friday’s close of 9.045%.The middle-dated R207 was bid at 8.395% and offered at 8.375% from a previous close of 8.465%. – TMG Digital/BDlive..

There’s never been a more important time to support independent media.

From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.

For just R80 you can become a premium member (digital access) and support a publication that has played an important political and social role in South Africa for over a century of Sundays. You can cancel anytime.

Already subscribed? Sign in below.



Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.