Monthly Archives: December 2018
Nigeria Fixed Income Weekly
Happy Holidays and I must apologize for the two-week radio silence as I had to take a break from work to relax after a long hard year 😊 regular programming is back! The Week that was (December 10-28): Despite a hawkish CBN posture, yields moderate in response to a miserly DMO and still ‘excess liquidity’ […]
Nigeria Fixed Income Weekly
The Week that was (December 3-7): – CBN’s low tolerance for NGN liquidity pushes Naira yields higher CBN cranks up its liquidity tightening gears, pushing interest rates higher: As I noted last week, the CBN’s response to exchange rate pressures at the parallel market was to ramp up its mop-up of Naira liquidity in the […]
Nigeria Fixed Income Weekly
The Week that was (November 26-30): – CBN ramps up liquidity tightening, inverts yield curve further Speculative pressures at the parallel market resurrect CBN’s liquidity aggression: Like a sleeping lion poked in the eye by pesky hyenas, CBN’s aggressive stance on NGN liquidity returned with a vengeance following the mid-week USDNGN depreciation at the parallel […]
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