The latest data from the Central Bank of Nigeria (CBN) has revealed that the country’s 364-day Treasury bills fell to 3.84%. On the other hand, the 91-day bills went for stop rates of 2.5%, 182-day ) and 3.84% (364 days).
At the auction, the Debt Management Office sold N19.8 billion on the 91-day paper, N40.1 billion on the 182-day, and N82.9 billion on the 364-day bill.
Nairametrics
FEATUREDNigerian Treasury Bills fall to 3.84% per annum
DMO sold N19.8 billion on the 91-day paper, N40.1 billion on the 182-day, and N82.9 billion on the 364-day bill.
Published 22 hours ago on May 14, 2020By Olumide Adesina
SHARETWEET
The latest data from the Central Bank of Nigeria (CBN) has revealed that the country’s 364-day Treasury bills fell to 3.84%. On the other hand, the 91-day bills went for stop rates of 2.5%, 182-day ) and 3.84% (364 days).
At the auction, the Debt Management Office sold N19.8 billion on the 91-day paper, N40.1 billion on the 182-day, and N82.9 billion on the 364-day bill.
The overnight and open buyback rates declined by 57 basis points and 40 basis points apiece to close at 7.63% and 7.00% respectively. This followed net inflows from retail forex refunds
Meanwhile, investors re-priced bonds higher across the curve on Wednesday, despite the relative increase in stop rates at the T-Bills auction against the previous auction.
Investors may have also bought ahead of expected OMO inflows on Thursday. Overall, yields moderated by 6 basis points across the curve.
At the auction, the Debt Management Office sold N19.8 billion on the 91-day paper, N40.1 billion on the 182-day, and N82.9 billion on the 364-day bill.
Nairametrics
FEATUREDNigerian Treasury Bills fall to 3.84% per annum
DMO sold N19.8 billion on the 91-day paper, N40.1 billion on the 182-day, and N82.9 billion on the 364-day bill.
Published 22 hours ago on May 14, 2020By Olumide Adesina
SHARETWEET
The latest data from the Central Bank of Nigeria (CBN) has revealed that the country’s 364-day Treasury bills fell to 3.84%. On the other hand, the 91-day bills went for stop rates of 2.5%, 182-day ) and 3.84% (364 days).
At the auction, the Debt Management Office sold N19.8 billion on the 91-day paper, N40.1 billion on the 182-day, and N82.9 billion on the 364-day bill.
The overnight and open buyback rates declined by 57 basis points and 40 basis points apiece to close at 7.63% and 7.00% respectively. This followed net inflows from retail forex refunds
Meanwhile, investors re-priced bonds higher across the curve on Wednesday, despite the relative increase in stop rates at the T-Bills auction against the previous auction.
Investors may have also bought ahead of expected OMO inflows on Thursday. Overall, yields moderated by 6 basis points across the curve.