Monthly Archives: October 2019
Nigeria Fixed Income Weekly
The week that was (October 14-25): CBN locks out domestic investors, as inflation and debt track higher CBN fragments T-bill market, leading to plunge in T-bill trading volumes: Following CBN’s circular in the earlier week, which prohibited bank customers with loans from participating in OMO and NTB auctions, the apex bank issued two additional circulars […]
Nigeria Fixed Income Weekly
The week that was (Oct 7-11): 2020 Budget, higher borrowings ahead, CBN ignores build-up in system liquidity CBN turns dovish with markets: In contrast to my expectations for limited CBN tolerance for excess liquidity from the sizable OMO bill maturities, the apex bank has displayed relative comfort with the increase in system liquidity levels. Though […]
Nigeria Fixed Income Weekly
The week that was (September 23-27): Rates down but concern over mounting fiscal and external imbalances Fairly robust system liquidity keeps Naira yields in check: Money markets were fairly robust over the week with interbank rates holding steady at single digit levels over the week. The OBB and OVN rates closed at 8.43% and 9.29% […]
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