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Thursday, September 24, 2020

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...

NIBOR Rises for Most Maturities on Liquidity Squeeze – SLF hits N1.35 trillion…

In the just concluded week, CBN repayed matured T-bills worth N108.54 billion via OMO. In line with our expectation, there was liquidity strain in the financial system despite the repayment of same amount as the standing lending facilities (SLF) stood at N1.35 trillion, outweighing the standing...

NIBOR Rises on Liquidity Squeeze as Banks Increase Borrowings from CBN…

In the just concluded week, activity in the primary market was muted as there were no auction and maturing T-bills. However, the Standing Lending Facilities (SLF) worth N279.05 billion outweighed the Standing Deposit Facility (SDF) worth N45.84 billion – indicative of financial system liquidity strain as...

Nigerian Treasury Bills: Here’s what you need to know investing in TBills

A beginner guide to investing in treasury bills. Water-down explanation of treasury bills and how to invest in it. Quick tips on how interest is earned and when it is paid to an investor. A run-down on benefits of investing in treasury bills What are Treasury Bills? Treasury bills...

Stop Rates Decline as Investors Park Funds in Short Term Government Debt Instruments…

In the just concluded week, CBN refinanced N90.94 billion T-bills which matured via Primary market at lower rates for most maturities as investors parked their funds in short term government debt instruments in line with our expectations; stop rate for the 91-day bills fell to...

NIBOR Rises for All Tenor Buckets Despite Financial System Liquidity Boost…

In the just concluded week, N149.68 billion worth of treasury bills matured via OMO while CBN auctioned N70 billion worth of OMO bills. Hence, the net outflows worth N79.68 billion, resulted in financial system liquidity boost. Despite the liquidity ease, NIBOR rose for all tenor buckets...

Stop Rates Move in Mixed Directions; Overnight NIBOR Plunges on Liquidity Boost…

In the just concluded week, CBN refinanced matured T-bills worth N59.37 billion via Primary market at lower rates for most maturities: Stop rates for the 91-day bills and the 182-day bills fell to 2.45% (from 2.50%) and 2.72% (from 2.85%) respectively. However, the 364-day bills...

NIBOR Moderates for Most Tenor Buckets on Sustained Liquidity Boost…

In the just concluded week, activities in the money market was silent as there were zero OMO repayment and auction. Amid the rare occurrence, NIBOR moderated for most tenor buckets: NIBOR for 1 month, 3 months and 6 months tenor buckets fell to 5.68%...
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