Browsing: Auction

Investors reduce their Treasury bills portfolios in the secondary market in preparation for the midweek auction.

Trading activities at the Nigerian bonds secondary market ended on a mixed note amidst interest rate hike expectations in the new week.

After the spot rate on one-year bills was raised by 50 basis points to 23.50% at the primary market auction last week,

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 government bonds in the secondary market rose to 18.70% after Debt Management Office (DMO) 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.

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.

CBN Uses $876m to Buy Naira at Dutch FX Auction With the aim of promoting price discovery in the currency…

The Central Bank of Nigeria (CBN) hiked spot rate on one year treasury bills instrument sold to investors by 18 basis points at the primary market auction (PMA) last week. The latest uptick in spot rate is in contrast to pattern seen in the recent past with successive price down at the long dated treasury bills issuance.

Interest Rate on 1-Year OMO Bill Drops by 10bps The interest rate offered on one-year open market operations (OMO bills)…