Interbank Rates Rise as Banks Borrow to Close Funding Gap
The short-term interest rates climbed further in the money market due to sustained liquidity pressure in the financial system. While there have been outflows relating to auctions by the apex bank, the inflows from maturing instruments have been limited.
The...
Nigerian Treasury Bill Selloffs Provoke 10bps Yield Surge
It was seller market during the midweek in the secondary market as investors unbundled their naira asset portfolio. The average yield on Nigerian Treasury bills jumped by 10 basis points to 20.52% due to a selling spree on the naira assets.
The bearish...
Nigerian Treasury Bill Yield Bends Rates Slump at Main Auction
The average yield on Nigerian Treasury bill declined in the secondary market on the back of sustained demand for Naira assets. The elevated yield in the fixed income securities market has become a center of attraction for local investors. The...
CBN Cuts Spot Rates on Nigerian Treasury Bills
The Central Bank of Nigeria (CBN) has further hammered spot rates on Treasury bills sold to investors in the primary market auction (PMA) on Wednesday.
At the auction, the apex bank made available a total of N161.9 billion worth of Treasury bills to...
Selloffs Provoke Yield Surge in Nigerian Bond Market
The average yield on the Federal Government of Nigerian (FGN) bond increased in the secondary market due to the latest selloffs. The investors reduce interest in naira assets on long dated instruments amidst expectation that an increase in fuel pump price would...
