Monthly Archives: February 2019
Nigeria Fixed Income and FX Market Weekly
The Week that was (February 18-22): Robust system liquidity drives short term interest rates south, but bond yields rise post auction CBN relaxes liquidity tightening grip: Interbank liquidity improved at the start of the week as the CBN held off from conducting liquidity mop-ups till Thursday when OMO bill maturities of NGN550billion hit the system. […]
Nigeria Fixed Income Weekly
The Week that was (February 11-15): Yields decline as the buy-side strengthened ahead of the elections, CBN in holding pattern CBN’s momentary reprieve on liquidity pushes NTB yields lower: Interbank liquidity remained under pressure over the week with a net debit picture over large parts of the week which pushed OBB/overnight rates to an average […]
Nigeria Fixed Income and FX Market Weekly
The Week that was (February 4-8): Mixed trends across the curve as CBN liquidity tightening pushes ST rates higher but strong offshore demand drives bond yields lower. But CBN maintains liquidity tightening leading to higher front-end yields: Interbank liquidity deteriorated over the week which resulted in a rise in money market rates with the OBB/overnight […]
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