Markets

Daily Market Update –November 28, 2012

The Money Market
Interest rates dropped initially due to cash call of about ₦80 billion credited into the system yesterday, however, due to OMO activities by the Central Bank, rates on the secured OBB and overnight funds closed at 13.00% and 13.25% respectively. Interest rates are expected to decline tomorrow due to OMO maturities in excess of ₦170 billion.

Treasury Bills Market

Daily Market Update –November 27, 2012

The Money Market
Interest rates continued its bullish run today due to the scarcity of funds in the Money Market. Rates on the secured borrowings and the overnight funds closed at 13.50% and 13.75% respectively coming from 11.00% levels. Interest rates are expected to trend northwards tomorrow as authorised dealers fund for FX purchased from the Central Bank WDAS window.
 
Treasury Bills Market
The Treasury Bills Market was relatively active today with a slight upward movement in yields across board.

Pages

myfinancialintelligence.com