Monthly Archives: August 2021
Nigeria Fixed Income Weekly
The week that was (August 9-13) Banking system liquidity conditions appeared less loose relative to the prior week with a pick-up in bank borrowing from the CBN’s discount window which kept interbank borrowing rates slightly elevated (16-17%). Nevertheless, rates declined across the Naira yield curve amid fresh weakness in the Naira at the parallel market. […]
Nigeria Fixed Income Weekly
A quiet week but mixed trends across the curve with a downtrend in bonds as Nigeria appears set to global capital markets for a Eurobond. Short term rates inch-up on CRR debits, slight bullish trend in bonds on Eurobond news: As in the prior week, robust banking system liquidity continued to weigh on rates along […]
Nigeria Fixed Income Weekly
The week that was (July 19-30) A lot has happened since my last update. First, the CBN discontinued sales to BDC operators which induced fresh weakness in the Naira at the parallel market though the exchange has pared back losses as banks commence FX sales for retail users. Post the July 2021 bond auction, interest […]
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