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- Nigerian Treasury Bills Yield Rises on Pre-Inflation Portfolio Reshuffles
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MarketNews
Nigeria’s Debt Management Office (DMO) is set to offer N1.10 trillion worth of FGN bond maturities at the primary market auction on Monday.
The average yield on Nigerian government treasury bills increased as fixed-income market investors rebalanced their portfolios ahead of the inflation rate announcement.
Money market rates tightened amid a surplus of liquidity in the financial system, despite a significant outflow related to the settlement of auctioned OMOs and Treasury bills.
The amount raised by the Central Bank of Nigeria (CBN) from the local Treasury bills (NTB) in the primary market auctions conducted in March rose by more than 95% as the authority became aggressive with liquidity mopped up.
Transactions on NGX Fall by 16% as FPIs Exit Positions Total transactions conducted on the…
NLNG Dividend, Derivation Fund, TBills Inflow Drag Rates Below 27% Inflows from matured investment securities,…
Yield on US 10-Year Treasury Note Falls to 4.2% US 10-year Treasury note yield fell…
In March, naira (NGN) rates worsened against the US dollar (USD) across the foreign exchange markets despite significant FX interventions in the official and parallel markets. The naira lost 3%, though the Central Bank of Nigeria (CBN) pumped more than $1 billion official window to oil the forex market inflows.
Equities Investors Gain N438bn as Banks Earnings Boost Sentiment The Nigerian Exchange (NGX) expanded by…