SOUTH African bonds were slightly firmer late on Tuesday, reflecting a stronger rand that broke through R12 to the dollar in the afternoon due to a softer dollar against other major currencies.The greenback retreated after US March trade deficit figures disappointed.At 3.40pm the local currency was trading at R11.9964 to the greenback, after hovering near the R12 to the dollar level in intraday trade.The benchmark R186 was bid at 8.035% and offered at 8.025% from a previous close of 8.040%.The middle-dated R207 was bid at 7.510% and offered at 7.505% from a Monday close of 7.520%.Meanwhile, US Treasuries strengthened on Tuesday for the first time in seven sessions as a surging trade shortfall raised some concerns over the resilience of US economic growth, Dow Jones Newswires reported.In recent trading, the yield on the benchmark 10-year Treasury note was 2.119%, according to Tradeweb. The yield was 2.135% on Monday, the highest closing level since March 9.When bond prices rise, thei...
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