Daily update on Treasury Bills, Bonds, Forex etc.
The OBB and OVN rates crashed by c.11pct to 5.00% and 6.25% respectively
The OBB and OVN rates crashed by c.11pct to 5.00% and 6.25% respectively
US Fed raises interest rates, gives bullish outlook for economy Bonds The Bond market remained relatively flat, with yields compressing ...
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).
Barring a renewed OMO auction by the CBN, rates should remain relatively stable tomorrow.
We expect continued interventions by the CBN to pressure rates higher towards weekend.
T-bills market remained significantly bearish in today’s session
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