SOUTH African bond yields retreated from their highs at midday on Tuesday, with moves lower supported by the slight firming of the rand and a positive bond auction.The rand tested the R12 to the dollar mark during the mid-morning session but struggled to break below this point amid a lack of significant data drivers.Investors expect the local unit to remain range-bound until the release of US employment figures later in the week.At 12.15am‚ the benchmark R186 was bid at 8.030% and offered at 8.045% from a previous close of 8.040%.The middle-dated R207 was bid at 7.505% and offered at 7.520% from a Monday close of 7.520%.At the weekly auction earlier, the Treasury placed R850m of R2030 bonds, R850m of R2037 bonds and R650m of R2048 bonds.Bidding interest totalled R10.5bn, according to a local trader, extending a trend that has seen local debt instruments experience strong demand, despite rate hike fears.Last week, bidding interest was recorded at about R12bn. The fall in demand was n...
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