• 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 Business News

T-Bill Yields Trade Flat as Market Players Shun Lower Rates

Zedcrest Capital by Zedcrest Capital
July 9, 2019
in Business News, Markets, Securities
Treasury Bills, CBN
Share on FacebookShare on TwitterShare on Linkedin

Welcome to Nairametrics‘ summary of the daily performance of major economic indicators and highlights from trading sessions and key statistics such as Treasury Bills and Bonds. This is brought to you by Zedcrest.

This report is dated July 8th, 2019.

***Banks record ₦1.5tr non-performing loans in 2018***

RelatedStories

Nigerian banks earn N5.93 trillion from investing in Treasury bills, OMO bills, others in 2024 

April 28, 2025
CBN, forex

CBN, DMO at odds as 364-day NTB rate drops to six-month low of 17.82%

March 6, 2025

Key Indicators

Bonds: The FGN Bond market remained bullish with yields lower by c.7bps on the day, following continued demand interests across the short to mid-end of the curve.

We expect demand interests to persist but on a less aggressive tone over the course of the week.

Treasury Bills: The T-bills market was scantily traded, despite the significantly robust system liquidity levels. This was due to the lower appetite for T-bills, given the lower rates on offer in the secondary market. Yields were consequently marginally higher by c.2bps on the day.

We expect the lackluster demand interests to persist in the near term, as market players anticipate a renewed OMO supply by the CBN.

Money Market: Rates in the money market remained relatively stable as system liquidity remained significantly robust at c.N400bn est., despite the wholesale SMIS by the CBN. The OBB and OVN rates consequently ended the session at 3.36% and 4.07% respectively.

We expect rates to remain relatively stable in the near term, due to the robust system liquidity levels. This is, however, barring a renewed OMO sale by the CBN.

[READ THIS: REVEALED: Why TSTV is committed to implementing ‘Pay As You Watch’]

FX Market: At the interbank, the Naira/USD rate increased by 5k to N307.00/$ at the spot market, while the SMIS rate declined by 1k to N357.52/$. The NAFEX rate at the I&E window rose further by 7k to N360.89/, while the cash and transfer rates at the parallel market remained stable at N358.50/$ and N362.50/$ respectively.

Eurobonds: The NIGERIA Sovereigns weakened further in today’s session, with yields trending higher by c.5bps on the day.

Demand interests remained robust on the NIGERIA Corps, with the most gains witnessed on the Zenith 22s, whilst other tickers remained fully bid during the session.


Contact us: Dealing Desk: 01-6311667 Email: research@zedcrestcapital.com

Disclaimer: Whilst proper and reasonable care has been taken in the preparation and accuracy of the facts and figures presented in this report, no responsibility or liability is accepted by Zedcrest Capital or its employees for any error, omission or opinion expressed herein. This report is not an investment advice or a research recommendation and should not be regarded as such. The information provided herein is by no means intended to provide a sufficient basis on which to make an investment decision.

[KEEP READING: Why foreign investors have a foothold in the Nigerian Stock Exchange]


Follow us for Breaking News and Market Intelligence.
Tags: BONDSFixed IncomeOn the MoneyTreasury Billstreasury bills
Zedcrest Capital

Zedcrest Capital

Related Posts

Equities

Nigerian banks earn N5.93 trillion from investing in Treasury bills, OMO bills, others in 2024 

April 28, 2025
CBN, forex
Financial Services

CBN, DMO at odds as 364-day NTB rate drops to six-month low of 17.82%

March 6, 2025
CBN Treasury Bills
Fixed Income

Nigeria Treasury Bills attract N2.41 trillion in subscriptions amid declining rates in latest auction 

February 20, 2025
CBN Treasury Bills
Fixed Income

FG Treasury Bills attract over N3.1 trillion in subscriptions in February auction 

February 6, 2025
5 Consumer stocks you should consider for your portfolio 
Financial Literacy

How much is your N1 Million investment worth in forex vs. equities vs. bonds? 

January 14, 2025
CBN, forex
Fixed Income

CBN secures N1.47 trillion in subs for 364-day Treasury Bills @22.6% stop rate 

January 9, 2025
Next Post
Debonairs Pizza, LIRS,

Debonairs Pizza to open a new outlet after LIRS shut down

Leave a Reply Cancel reply

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

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • NITDA signs agreement with Japanese consortium to build Abuja startup hub  
  • Oyo Govt approves N63.4 billion to renovate Government House 
  • NDLEA to establish full-scale drug control operations at Benin Airport 

Follow us on social media:

Recent News

NITDA signs agreement with Japanese consortium to build Abuja startup hub  

NITDA signs agreement with Japanese consortium to build Abuja startup hub  

June 18, 2025
Oyo State to upgrade primary health centers to 24 hours medical centers

Oyo Govt approves N63.4 billion to renovate Government House 

June 18, 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