Monthly Archives: September 2021
Nigeria Fixed Income Weekly
The week that was (September 6- 10) A surprise hike on the 1-yr stop rate at the NTB auction drove largely bearish trends across the fixed income market. Elsewhere the Naira continued to test fresh lows at the parallel market as supply across domestic FX markets remain thin. NTB Auction: A return to the path […]
Nigeria Fixed Income Weekly
The week that was (August 20 – September 3) Since my last update, interest rates across the Naira yield curve have headed further south over August as the maturity hangover from July (and CBN’s continued tolerance of excess liquidity) induced a bid-up in the prices of fixed income instruments. Initially this buying was led by […]
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