• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets

Daily update on Treasury Bills, Bonds, Forex etc.

Zedcrest Capital by Zedcrest Capital
September 28, 2018
in Markets, Securities
Bonds, CBN

Nigerian Stock Exchange Trading Floor

Share on FacebookShare on TwitterShare on Linkedin

 

***Nigerian Oil Union Says Chevron Talks on Job Cuts Resume*** – Bloomberg

 

RelatedStories

Shareholders endorse Eterna Plc's dividend payment despite decline in profit

Eterna Plc beats Q1 2025 forecast with N1.4bn pre-tax profit amid zero FX loss 

May 1, 2025
FGN Bonds, FG lists N296 billion savings bonds on NSE, Investment Alert: The FGN Savings Bond is now open for subscription

FG plans to raise N350 billion from February 2025 FGN bond auction 

February 24, 2025

Bonds

The Bond Market remained bullish in today’s session, with yields compressing by c.9bps on average. We witnessed continued interests on the mid to long end of the curve, with the 26s, 27s and 37s breaking the 15% support to trade as low as 14.86%, 14.99% and 14.96% respectively. They however gave up some gains later in the day, with the 27s and 37s ending above 15%, while the 26s remained sub-15%. Yields consequently closed the month lower by c.9bps M/M, with renewed local interests been the major driver of the marginal gains on the month.

In the coming month, we expect yields to remain largely above the 15% mark, with the recent rally post the FGN Bond Auction expected to subside in subsequent sessions.

 

Treasury Bills

The T-bills market traded relatively flat on the day, as market players wound up their books for the month. Buying interests were also subdued due to the Retail FX auction by the CBN, and also because the expected inflows from FAAC payments did not come in until much later in the day.

Opening next month, we expect the market to be largely driven by the tempo of OMO interventions by the CBN. We expect slight buying interests to resurface if the CBN fails to conduct an OMO auction prior to the PMA expected on the 3rd of October, where the DMO intends to rollover a total of c.N133.50bn maturing T-bills.

Money Market

The OBB and OVN rates remained stable to close the month at 6.00% and 7.17% respectively, as inflows from Retail FX refunds and OMO maturities in the previous session, helped moderate outflows for the Retail FX auction in today’s session. System Liquidity which opened the day at c.N580bn positive, is estimated to close the month at same levels, having received a boost from FAAC Inflows later in the day.

We expect rates to remain moderated opening next week, barring a significant OMO Sale by the CBN.

 

FX Market

At the Interbank, the Naira/USD rate remained stable at N306.35/$ (spot) and N361.34/$ (SMIS). At the I&E FX window a total of $289.73mn was traded in 349 deals, with rates ranging between N358.00/$ – N365.00/$. The NAFEX closing rate depreciated by c.0.05% to N363.92/$ from N363.74/$ previously.

At the parallel market, the cash and transfer rate remained unchanged at N359.80/$ and N362.00/$ respectively.

Eurobonds

The recent bullish run in the NGERIA Sovereigns flattened out in today’s session, as yields closed relatively flat on the day, with a c.1bp marginal uptick. Yields were however lower by c.50bps on the month, following the resurgent interests witnessed across EMs and in the SSAs in the later part of the month.

The NGERIA Corps were also relatively flat, except for some interest seen on the DIAMBK 19s which gained c.0.85pct on the day.

 


Follow us for Breaking News and Market Intelligence.
Tags: FGN BondsFixed IncomeFX MarketsZedcrest Capital
Zedcrest Capital

Zedcrest Capital

Related Posts

Shareholders endorse Eterna Plc's dividend payment despite decline in profit
Company Results

Eterna Plc beats Q1 2025 forecast with N1.4bn pre-tax profit amid zero FX loss 

May 1, 2025
FGN Bonds, FG lists N296 billion savings bonds on NSE, Investment Alert: The FGN Savings Bond is now open for subscription
Fixed Income

FG plans to raise N350 billion from February 2025 FGN bond auction 

February 24, 2025
DMO, FGN Savings Bonds
Economy

Federal government’s domestic debt stock hits N66.957 trillion in H1 2024 

November 13, 2024
DMO, FGN Savings Bonds
Economy

DMO blames system issues for delay in coupon payment on FGN savings bonds 

September 20, 2024
DMO, FGN Savings Bonds
Fixed Income

FG seeks N150 billion from bond market in September 2024 

September 19, 2024
Debt Management office
Fixed Income

Federal government raises N374.751 billion from August bond auction on renewed investors’ demand 

August 21, 2024
Next Post
NSE, Stock

NSE closes in the green as PZ Cussons drops Q1 results

Leave a Reply Cancel reply

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

Emple
nlng
first bank








DUNS

Recent News

  • LASEPA shuts Mania Lounge, Voda Beach Club, and others for persistent noise pollution 
  • President Tinubu to remove bottlenecks hindering livestock production export between Nigeria and Brazil  
  • Top MD/CEOs of Asset Management Companies in Nigeria 

Follow us on social media:

Recent News

Lagos govt mandates permits for amplified sound in nightclubs, worship centres 

LASEPA shuts Mania Lounge, Voda Beach Club, and others for persistent noise pollution 

July 6, 2025
President Tinubu to remove bottlenecks hindering livestock production export between Nigeria and Brazil  

President Tinubu to remove bottlenecks hindering livestock production export between Nigeria and Brazil  

July 6, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics