Monthly Archives: March 2019

Nigeria Fixed Income and FX Market Weekly

The week that was (March 18-22): CBN leads interest rates higher CBN steps back in to nudge markets higher: Largely reflecting the liquidity hangover across the financial system, interest rates opened the week lower with knock-on at the primary market auction on Wednesday where the 1-yr NTB closed at a discount rate of 12.34% (effective: […]

Nigeria Fixed Income Weekly

The week that was (March 11-15): Mixed economic data but lower supply drives interest rates south Interest rates decline as markets starts pricing lower securities supply: Interest rates declined across both segments of the yield curve as markets are now starting to grapple with the reality of thinning paper supply from both the CBN and […]

Nigeria Fixed Income Weekly

The Week that was (March 4-8): Yields climb in response to CBN signaling, but lower paper supply on the cards CBN steps up OMO issuance to nudge yields higher: Following the relapse in yields in the prior week, the CBN was hard-pressed to indicate its preferred level for the yield curve in a bid to […]

NIGERIA FIXED INCOME AND FX MARKET WEEKLY

The Week that was (February 25-March 1): Fixed income assets show strong signs of de-risking post the 2019 polls, Naira strengthens Buhari‚Äôs win heralds a surge in FX inflows: Nigerian fixed income assets strongly de-risked following the peaceful conclusion of the 2019 elections which resulted in the re-election of President Muhammadu Buhari of the ruling […]