Market Happenings
Fixed Income in Focus: The week opened on muted trading with system liquidity in surplus at ₦2.6tn as focus centered on the bond auction and early-week MPC print. The bond auction cleared bullish at 15.50–15.74% on a 3.37x cover across
Fixed Income in Focus: The week opened on muted trading with system liquidity in surplus at ₦2.6tn as focus centered on the bond auction and early-week MPC print. The bond auction cleared bullish at 15.50–15.74% on a 3.37x cover across
Fixed Income in Focus: The market opened the week subdued, with system liquidity firm at ₦4.68tn, as CBN conducted short-dated OMO auctions (8/99-day and 7/105-day), clearing at 22.39% and 19.48% on c.3.8x cover. The T-bills market rallied into the mid-week
Fixed Income in Focus: The market opened the week subdued, with system liquidity firm at ₦4.68tn, as CBN conducted short-dated OMO auctions (8/99-day and 7/105-day), clearing at 22.39% and 19.48% on c.3.8x cover. The T-bills market rallied into the mid-week
Fixed Income in Focus: Market opened the week with net liquidity of ₦2.8tn, supporting early buying across the curve. In Treasury Bills, flows were mixed, with demand skewed to the long end (21-Jan and 04-Feb) where early prints cleared at
Fixed Income in Focus: Market opened the week with net liquidity of ₦2.8tn, supporting early buying across the curve. In Treasury Bills, flows were mixed, with demand skewed to the long end (21-Jan and 04-Feb) where early prints cleared at
Fixed Income in Focus: The week opened with net liquidity of ₦3.9tn, setting the stage for a bullish bond auction that drew broad-based demand across tenors, with a 2.5x cover. Post-auction, the bond market rallied, with reopened mid-tenors (5–10yr) executing
Fixed Income in Focus: The week opened with net liquidity of ₦3.9tn, setting the stage for a bullish bond auction that drew broad-based demand across tenors, with a 2.5x cover. Post-auction, the bond market rallied, with reopened mid-tenors (5–10yr) executing
Fixed Income in Focus: Markets opened the week with system liquidity firm at ₦596bn and bullish activity evident across the curve. The Treasury bills space saw muted participation ahead of the mid-week auction, which cleared bullish (-137bps vs. previous auction)
Fixed Income in Focus: Markets opened the week with system liquidity firm at ₦596bn and bullish activity evident across the curve. The Treasury bills space saw muted participation ahead of the mid-week auction, which cleared bullish (-137bps vs. previous auction)
Fixed Income in Focus: The week opened with robust activity across the curve, supported by firm system liquidity of c.₦1.47tn. With no scheduled auctions, trading was driven by secondary market flows and mid-week CPI, which printed 15.15% (down 218bps vs
Fixed Income in Focus: The week opened with robust activity across the curve, supported by firm system liquidity of c.₦1.47tn. With no scheduled auctions, trading was driven by secondary market flows and mid-week CPI, which printed 15.15% (down 218bps vs