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Tuesday, November 24, 2020

Stop Rates Moderate Further for Most Macturites amid Sustained Flight to Safety…

In line with our expectation, CBN refinanced N158.71 billion T-bills which matured via the primary market at lower stop rates for most maturities amid demanded pressure. Specifically, stop rates for 91-day and 182-day bills rose to 1.09% (from 1.10%) and 1.50% (from 1.55%) respectively....

Stop Rates Moderate for all Macturites amid Demand Pressure…

In line with our expectation, CBN refinanced N128.10 billion T-bills which matured via the primary market at lower stop rates for all maturities amid demand pressure. Specifically, stop rates for 91-day, 182-day and 364-day bills rose to 1.10% (from 1.15%), 1.55% (from 1.80%) and 3.05%...

NIBOR Moves in Mixed Directions across Maturities Tracked…

In the just concluded week, CBN repayed matured T-bills worth N321.48 billion while N100 billion was auctioned via OMO, resulting in total net inflows of N221.48 billion. Also, banks generally deposited with CBN in the course of week as Standing Deposit Facility (SDF) stood at N171.93...

FGN Bond Stop Rates Fall for Most Maturities amid Demand Pressure…

In the just concluded week, DMO sold FGN bonds worth N116.65 billion at the primary market auction, viz: 10-year, 12.50% FGN APR 2026 worth N25.42 billion, 15-year, 12.50% FGN MAR 2035 paper worth N21.45 billon, 25- year, 9.80% FGN JUL 2045 bond worth N16.09 billion and...

NIBOR Moderates for All Maturities Tracked as FAAC Shares N676.61 billion…

In the just concluded week, CBN repayed matured T-bills worth N180.36 billion while N72.50 billion was auctioned via OMO, resulting in total net inflows of N107.86 billion. Also, the Federation Account Allocation Committee (FAAC) shared N676.41 billion among the FG, States and LGAs for the month...

Stop Rates Moderate for Most Maturities on Sustained Demand Pressure…

In the just concluded week, CBN refinanced N56.78 billion T-bills which matured via the primary market at lower rates for most maturities as investors continued to demand for short-term government debt despite rates falling to ridiculous low levels. Specifically, stop rates for 182-day and 364-day bills...

NIBOR Moves in Mixed Directions across Maturities Tracked…

In the just concluded week, activity in the primary market was muted as there were neither auctions nor matured T-bills. However, the Standing Standing Deposit Facility (SDF) worth N117.02 billion outweighed the (SLF) worth N10.26 billion – indicative of financial system liquidity ease as deposit money...

FGN Bond Yields Moves in Mixed Directions across Maturities…

In the just concluded week, the values of FGN bonds traded at the over-the-counter (OTC) segment moved in mixed directions across maturities tracked amid bearish activity. Specifically, the 7-year, 13.53% FGN MAR 2025 note yield was flattish at 4.97%. The 10-year, 16.29% FGN MAR 2027...

T-Bills Stop Rates Moderate Further on Increasing Investor Demand…

In the just concluded week, CBN repayed matured T-bills worth N25.36 billion via OMO. There was liquidity ease in the financial system as the standing deposit facility (SDF) stood at N169.12trillion, outweighing the standing lending facility (SLF) of only N6.78 billion. Amid financial system liquidity ease,...

Stop Rates Moderate Further on Increasing Investor Demand for T-Bills…

In line with our expectations, CBN refinanced N107.05 billion T-bills which matured via Primary market at lower rates for all maturities amid increasing investors’ demand for short term government debt instruments: stop rate for the 91-day bills fell to 1.30% (from 1.79%) while that...
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