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MarketNews
Risk-off: Nigerian Eurobonds traded under selling pressure as higher U.S. Treasury yields and profit-taking weighed on investor sentiment in the international debt market.
Money market rates showed mixed trends, with the overnight rate increasing 3 basis points (bps) to 22.83%, while the open repo rate remained unchanged at 22.50%.
Nigeria’s Eurobond Yield Dips to 7% as African Issuers Rally Nigeria’s Eurobond yield declined to…
A flood of inflow from expired investment securities, amid zero liquidity mop-up, drove excess liquidity in the money market higher last week.
With deposit money banks (DMBs) sustaining activity in the Standing Deposit Facility (SDF), financial system conditions continue to improve in the absence of open market operations and other primary market actions thus far this week.
The total deposits by deposit money banks (DMBs) at the Central Bank of Nigeria’s (CBN) Standing Deposit Facility (SDF) rose to N2.52 trillion on Monday, reinforcing strong liquidity in the market.
Money market rates fell as deposit money banks (DMBs) stepped up cash lodgment at the Central Bank of Nigeria (CBN) Standing Deposit Facility (SDF) window, enhancing financial system liquidity.