South African bonds were firmer in quiet trade on Monday, mainly in line with the stronger rand.
By 3:45pm the short-term government R154 bond was bid at 6,545 percent and offered at 6,535 percent after closing at 6,565 percent on Friday, and the medium-term R157 was at 7,730 percent from 7,760 percent at its previous close.
The long-term R186 was bid at 8,660 percent and offered at 8,630 percent from 8,670 percent previously.
The rand was bid at R7,3140/$ from R7,4007/$ at its previous close.
Traders said conditions were very quiet. With Tuesday being a public holiday — Freedom Day — many players took Monday off to make a long weekend of it.
They attributed the firmer tone to the stronger rand.
A busy data week lies ahead next week, which should give local markets plenty of food for thought. — Business Report.
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