Markets

Daily Market Update –April 10, 2013

The Money Market
Liquidity in the money market declined further today due to NNPC remittances. As a result, rates went up by an average of 0.50%. Consequently, the secured OBB and overnight funds traded at 14% and 14.5% respectively. Interest rate is expected to fall steeply tomorrow due to a T-bills net cash credit of ₦155 billion.

Treasury Bills Market

Daily Market Update –April 09, 2013

The Money Market
The CBN offered ₦50 billion worth of treasury bills in the OMO session carried out today but eventually declined to sell. Nevertheless, interest rates went up sharply by an average of 3.00% due to the OMO auction and NNPC withdrawals from the system. Consequently, the secured OBB and overnight funds traded at 13.5% and 13.75% respectively.

Treasury Bills Market

Daily Market Update –April 08, 2013

The Money Market
Market liquidity fell today, as CBN successfully mopped up ₦102 billion from the system via an OMO session conducted. As a result, interest rates inched up by an average of 0.25%. Consequently, the secured OBB and overnight funds traded at 10.5% and 10.75% respectively. A northward trend in rates is expected this week, as the market anticipates NNPC withdrawals from the system.

Treasury Bills Market

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