Money SA economy
Bonds were little changed in late trade on Monday, with the market eyeing the rand.
By 3.38pm the short-term government R154 bond was bid at 6.835% after closing at 6.830% on Friday and the medium-term R157 was at 8.070% from 8.110% in midday trade and 8.080% at its previous close. The long-term R186 was at 9.075% from 9.005% previously.
The rand was unchanged from its previous close.
"Not much going on today. The rand recovered slightly, we'll keep our eye on it," said a local bond dealer.
Foreigners were net buyers of R156.322 million of South African bonds including repo transactions on Friday, after net purchases of R79.612 million of local bonds on Thursday, Bond Exchange of South Africa statistics show. Nominal cumulative volume was R35.370 billion on Friday from R16.461 billion on Thursday.
In the year to date foreigners have been net buyers of R32.071 billion worth of local bonds, excluding repo transactions.
So far for total transactions, including repo transactions, foreigners have been net buyers of R28.719 billion worth of bonds.
In 2009 foreigners were net buyers of R27.755 billion worth of local bonds, excluding repo transactions, while for total transactions, including repo transactions, foreigners were net sellers of R2.424 billion worth of bonds.
