Strong rand boosts bonds-continued

February 29, 2012--South African bonds were firm in midday play on Wednesday, largely on the back of the rand, a trader said.
The National Treasury said it would auction R700m worth of R204 bonds, R700m worth of R208 bonds and R700m worth of R214 bonds on March 6.

At 11:50, the benchmark R157 bond was bid at 6.605% and offered at 6.600% from its previous close of 6.625%. The R207 was bid at 7.730% and offered at 7.715% from a previous close of 7.745%, and the R186 was bid at 8.240% and offered at 8.220% from its close of 8.250%.

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Source: FIN24

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