Securities

As bond prices drop following rising rates, investors may be presented with opportunities to add to their bond investments especially...

The Debt Management Office (DMO) has released details for the October 2018 FGN Savings Bond offer.

The OBB and OVN rates remained stable to close the month at 6.00% and 7.17% respectively

The OBB and OVN rates crashed by c.11pct to 5.00% and 6.25% respectively

The DMO will start auction of the new Federal Government Bond Reoffer for the month of September.

The T-bills market traded on a relatively flat note, with mixed trading sentiments witnessed over the course of the day.

At the parallel market, the cash rates depreciated by 10k to N359.80/$, while the transfer rate remained unchanged at N362.00/$.

The OBB and OVN rates remained relatively stable, closing today at 4.17% and 4.75% respectively,

We expect rates to remain moderated tomorrow due to expected inflows from OMO T-bill maturities (c.N218bn).

CBN is scheduled to hold a Treasury Bills PMA on 20th September, 2018.