Browsing: Fixed Income Market

Rising Inflation, Plunged Yields Ruffle Investors, Analysts. Average yield on instruments in the fixed income market are below the nation’s inflation rate, thus turning real returns negative for investors.

FMDQ Securities Exchange posts ₦11.78 trillion turnover in May. FMDQ Securities Exchange has posted a turnover of ₦11.78 trillion in fixed income and currency (FIC) markets in May, 2020.

Fixed Income: Liquidity to Dictate Market Direction. Vetiva Capital’s analysts said system liquidity will dictate the behaviour of the participants in the fixed income market this week.

Fixed Income Investors Stay Bullish on Government Securities. In the fixed income market, sentiments were broadly bullish on Tuesday, despite persistent funding pressures in the interbank market.

Chapel Hill Denham Forecasts Tighter Liquidity as NSE Opens Negative. In the Nigerian Stock Exchange, Trading activities commenced the week on a negative note, sustaining the bearish run from last week.

Fixed Income Market Records Mix Performance amid Rising Inflation Concern. Amidst rising inflation rate, the fixed income market recorded a mixed performance. Chapel Hill Denham said while average secondary T-bills rate remained unchanged at 3.02%, average discount rate on secondary OMO bills fell further by 5 basis points (bps) to 4.62%.

Primary Market Auction: Analysts Expect CBN to Keep Rates Depress. Analysts at Meristem Securities have said that due to the recent policy rate cut, the firm is expecting the Central Bank of Nigeria to keep rates depress across market.

₦150 Billion FGN Bonds to Open for Subscription June 17. Investors with interest in fixed interest income financial instrument can buy the Federal Government 5-year Bond at 12.75%.

‘Policy Rate Cut Unlikely To Move Yields in Fixed Income Market’. Analysts at Tellimer have said the monetary authority decision to slash the policy rate by 100 basis points is unlikely to move yields in the fixed income market. 

FGN bonds offer investors 12.50%, 12.75%, 12.98% to be opened April 22