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Financial Market
The Debt Management Office (DMO) hikes rates on Federal Government of Nigeria (FGN) bonds
Nigerian Treasury Bill Selloffs Provoke 10bps Yield Surge It was seller market during the midweek…
Interbank rates crossed the 31% benchmark as the liquidity level in the financial system remains in negative territory. Due to a weak funding profile in the financial system, money market rates have remained elevated.
In contrast to expectations, Nigeria’s fixed income market strengthened amidst concerns over the direction of the yield on local assets, analysts said.
The average on Nigerian Treasury bills increased in the secondary market as investors continued to dump the short term borrowing instruments. Investors’ moods swung due to sustained spot rates decline at the primary market.
Nigerian Treasury Bill Yield Bends Rates Slump at Main Auction The average yield on Nigerian…
CBN Cuts Spot Rates on Nigerian Treasury Bills The Central Bank of Nigeria (CBN) has…