Tag: Auction
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Higher Rate on 364-Day Treasury Bill Boosts Investors’ Appetite
After the spot rate on one-year bills was raised by 50 basis points to 23.50% at the primary market auction last week,
Investors Sell Down Nigerian Bonds, DMO Still Cuts Supply
The average yield on Nigerian bonds declined as investors sold down their holdings ahead of the Debt Management Office (DMO) primary market auction today.
Benchmark Yield on Nigerian Bonds Rises to 18.70%
Benchmark yield on Nigerian government bonds in the secondary market rose to 18.70% after Debt Management Office (DMO) auction
Yield Dips over Rapid Bond Buying Ahead of Auction
With expectation of a slowdown in bond supply, investors ramped up the Federal Government of Nigeria (FGN) in the secondary market ahead of the auction on Monday.
Nigerian Treasury Bills Yield Surges to 20.4%
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.
