Market Happenings
Fixed Income in Focus: The week opened with a ₦771bn CBN OMO auction, clearing at 23.99% on the long end. Liquidity opened strong at ₦1.28tn but dropped to ₦588bn post-auction. Despite this, rate on the longer date issue fell by
Fixed Income in Focus: The week opened with a ₦771bn CBN OMO auction, clearing at 23.99% on the long end. Liquidity opened strong at ₦1.28tn but dropped to ₦588bn post-auction. Despite this, rate on the longer date issue fell by
Fixed Income in Focus: The week opened with the FGN bond PMA, where strong demand and tight allotments across the Apr 2029 and new Jun 2032 sparked profit-taking. This set a bearish tone, with yields initially declining before rebounding mid-week,
Fixed Income in Focus: The week opened with the FGN bond PMA, where strong demand and tight allotments across the Apr 2029 and new Jun 2032 sparked profit-taking. This set a bearish tone, with yields initially declining before rebounding mid-week,
Fixed Income in Focus: The CBN issued ₦600bn in OMO bills, clearing at 24% levels and maintaining status as the market’s highest-yielding instruments. NTB demand was muted, with the new 364-day bill pricing 51bps lower and closing at 18.10% driven
Fixed Income in Focus: The CBN issued ₦600bn in OMO bills, clearing at 24% levels and maintaining status as the market’s highest-yielding instruments. NTB demand was muted, with the new 364-day bill pricing 51bps lower and closing at 18.10% driven
Fixed Income in Focus: The market reopened in a net liquid position of ₦420 billion after the extended break. Activity resumed with strong interest in the newly issued 4th June NTB, supported by expectations of inflows from maturing bills. OMO
Fixed Income in Focus: The market reopened in a net liquid position of ₦420 billion after the extended break. Activity resumed with strong interest in the newly issued 4th June NTB, supported by expectations of inflows from maturing bills. OMO
Fixed Income in Focus: The week opened with a strong OMO auction, where the CBN matched demand at ₦1.5 trillion. NTB demand was also robust, but issuance remained tight, reinforcing the shift toward OMOs. Unmet demand at the NTB auction
Fixed Income in Focus: The week opened with a strong OMO auction, where the CBN matched demand at ₦1.5 trillion. NTB demand was also robust, but issuance remained tight, reinforcing the shift toward OMOs. Unmet demand at the NTB auction
Fixed Income in Focus: The week in view saw a wave of short to long-dated securities, met with solid demand. Yields continued to edge lower as aggressive bidding continued, pointing to a lasting shift in investor preference toward the long
Fixed Income in Focus: The week in view saw a wave of short to long-dated securities, met with solid demand. Yields continued to edge lower as aggressive bidding continued, pointing to a lasting shift in investor preference toward the long