Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Markets

Daily update on Treasury Bills, Bonds, Forex etc.

Zedcrest Capital by Zedcrest Capital
August 23, 2018
in Markets, Securities
Bonds, CBN

Nigerian Stock Exchange Trading Floor

Share on FacebookShare on TwitterShare on Linkedin

Bonds

The Bond Market resumed on a slightly bullish note, due to renewed demand from local clients mostly on the mid-tenured bonds (26s -28s), which caused yields to trend lower by c.9bps across the curve.

Yields have shown resistance at the 15% mark, and we do not expect this to be significantly breached in the near term. This is however barring a resurgence in offshore selloff, which has been recently tapered by moderating sentiments across the EM space.

RelatedPosts

DMO to auction N225 billion worth of FGN bonds in June 2022

DEAL: Leatherback raises $10 million in pre-seed funding for global expansion

Treasury Bills

The weak demand in the T-bills space persisted in today’s session, as the CBN resumed its OMO interventions in the market. The OMO auction demand remained weak for the second week in a row, as the CBN was also only able to rollover a total of N97.90bn of the N364.33bn bills that matured.

News continues after this ad


We expect yields to close the week on a relatively stable note as the market remains well supported by the relatively buoyant level of system liquidity.

 

News continues after this ad


Money Market

The OBB and OVN rates trended lower, closing today at 6.83% and 7.75% respectively. This was due to an increase in system liquidity levels, as net inflows of N266.43bn in OMO maturities hit the system. System liquidity is consequently estimated at c.N600bn as at close of business today.

We expect rates to close the week at single digit levels, with the outside chance of the CBN floating another OMO auction tomorrow to manage liquidity levels.

 

FX Market

The Naira/USD rate remained unchanged at the interbank, closing at N306.10/$. At the I&E FX window, a total of $167.78mn was traded in 302 deals, with rates ranging between N359.00/$ – N364.00/$. The Naira depreciated by 0.03% to close at N362.60/$.

At the parallel market, the cash and transfer rates appreciated by 0.06% and 0.14% respectively to close at N359.30/$ and N361.50/$ respectively.

Eurobonds

Demand interests on the NGERIA Sovereigns continued in today’s session, as yields declined further by c.12bps on average. The most interests were on the Feb 2030 and Nov 2047 bonds which gained +0.18pct and +0.21pct respectively.

Similarly, the NGERIA Corps also witnessed slight interests, notable on the ACCESS 21s Snr and FIDBAN 22s.

Related

Tags: FGN BondsFixed IncomeFX MarketsZedcrest Capital

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mega Millions
Hot forex
Cornerstone
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • The last speech delivered by HE Mohammad Sanusi Barkindo (RIP)
    • FCCPC to sanction DisCos for service failures, non-compliance with power sector rules
    • Kuje prison attack: I am disappointed with intelligence system – Buhari

    Follow us on social media:

    Recent News

    Profile of Mohammed Sanusi Barkindo, the late OPEC secretary general

    The last speech delivered by HE Mohammad Sanusi Barkindo (RIP)

    July 6, 2022
    Babatunde Irukera

    FCCPC to sanction DisCos for service failures, non-compliance with power sector rules

    July 6, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com