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Wednesday, July 8, 2020

Stop Rates Moderate for All Maturities on Increasing Demand…

In the just concluded week, the CBN refinanced matured T-bills worth N58.49 billion via Primary market at lower rates for all maturities; stop rate for the 91-day bills fell to 1.93% (from 2.20%), the 182-day bills decreased to 2.74% (from 3.20%) and the 364-day...

NITTY, Stop Rates Remain Low Despite Currency Devaluation, Rising Borrowing Fears…

In the just concluded wek, the CBN refinanced matured T-bills worth N86.30 billion via Primary market at lower rates for all maturities; stop rate for the 91-day bill fell to 2.49% (from 3.00%), the 182-day bill decreased to 3.78% (from 4.00%) and the 364-day bill...

Nigerian treasury bill yields rise, naira eases after oil price collapse-traders

ABUJA, March 10 - Nigerian treasury bill yields rose across the board while the currency was quoted weaker on Tuesday as investors worried about a collapse in oil prices, widened spreads across asset classes, traders said. Treasury bills fetched between 16% and 17% on...

NIBOR for Overnight Funds Moderate amid Liquidity Ease…

In the just concluded week, CBN also sold OMO bills worth N110.51 billion to partly mop up OMO repayments worth N323.26 billion. Additional N16.72 billion was sold via repo agreements. Hence, due to the net inflows, NIBOR declined for overnight funds, to 12.19% (from 16.56%). However, NIBOR...

NIBOR Moderates for All Tenor Buckets amid Sustained Liquidity Ease…

In the just concluded week, CBN auctioned OMO bills worth N240.29 billion to partly mop up the matured OMO bills worth N433.76 billion. Hence, given the net inflows of N193.47 billion, NIBOR moderated for all tenor buckets: NIBOR for overnight, 1 month, 3 months and...

Average NT-Bills Yield Declines To 8.7% WoW On Sustained Demand

By Afrinvest Research Activities last week in the Nigerian Treasury Bills ("NT-Bills") secondary market kick started on a tepid note as local investors digested the release of inflation data (+37bps to 11.6%). However, N-T-Bills demand picked up steam towards the end of the week...

TBs to exceed N14 trillion as Nigeria’s central bank mop-up liquidity

THE liquidity mop-up activities of the Central Bank of Nigeria, CBN, through sale of secondary market treasury bills (TBs) will exceed N14 trillion mark by the end of this year. Financial Vanguard investigations revealed that the apex bank as at last week, has sold secondary...

Treasury Bills Rates Drop to Three-year Low

The Nigerian Treasury Bills (NTBs) rates have dropped to single-digit at the end of yesterday’s primary market auction (PMA). Analysts said the last time NTB rates were at the current position was three years ago. The development followed the Central Bank of Nigeria’s (CBN) recent...

Stop Rates Rise for Most Maturities as CBN Mops Up N1 trillion in H2 2019…

In the just concluded week, the CBN refinanced matured T-bills worth N158.65 billion via Primary market while N528.02billion was sold via OMO. For the primary market issues, stop rates for the 182-day and 364-day bills increased, in line with our expectation, to 11.79% (from...

Stop Rates Rise as Investors Demand for Higher Yields…

In the just concluded week, the CBN refinanced all the matured treasury bills which totaled N208.60 billion. For the auctioned bills, stop rates for the 91-day, 182-day and 364-day bills increased, in line with our expectation, to 11.10% (from 9.70%), 11.59% (from 11.35%) and...
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