optional logo
  • Home
  • About Us
  • Our Services
  • Historical Rates
  • News
  • Blog
  • Contact Us
  • Buy/Sell

News

T-bills average yield rises to 14.88%

T-bills average yield rises to 14.88% January 3, 2018

Bearish sentiments prevailed in the secondary market for Treasury bills on Tuesday, as yields on all tenors advanced, bringing the average T-bills yield to 14.88 per cent.

 
“We attribute the weak demand in the secondary market for T-bills to investors’ preparation ahead of tomorrow’s Primary Market Auction,” analysts at Meristem Securities said in a post.
 
At the close of trades, the open buy-back and overnight rates advanced by 0.84 per cent and one per cent apiece. Consequently, the average money market rate settled at 5.09 per cent.
 
The Central Bank of Nigeria is scheduled to hold a T-Bills PMA today, January 3, 2018. T-Bills worth N127.61bn will mature, while a total amount of N148.86bn will be issued in 91-day, 182-day and 364-day instruments.
 
In the Treasury bonds space, 11 instruments witnessed yield declines, while the yield on three tenors advanced. Despite the significant number of instruments that recorded yield declines, the average bond yield advanced marginally by 0.02 per cent, to settle at 14.09 per cent.
 
 In the Interbank foreign exchange market, the naira appreciated by 0.16 per cent to close at N305.50/dollar. However, the currency traded flat in the parallel market to close at N363/dollar.

Source: The Punch

Share this news

Share

Recent News

CBN Intervenes in FX Mkt
Published on March 25, 2019
MPC to retain policy rates as DMO floats N100bn bond auction
Published on March 25, 2019
At $43.507bn, External Reserves Hit five-month High
Published on March 25, 2019

Get the latest rates delivered to your inbox!

About Rexel BDC

Rexel Bureau de Change Limited is a limited liability company incorporated in Nigeria and licensed by Central Bank of Nigeria to buy, sell and deal in foreign currencies and to act as agents and consultants.

Our Services

Business Travel Allowance (BTA)

Personal Travel Allowance (PTA)

International Bill Payments

Tuition Fee Payments

and much more...

Latest Blog Posts

Sample Blog Post Two
Posted on November 11, 2016
Sample Blog Post One
Posted on November 11, 2016
Sample Blog Post Half
Posted on October 12, 2016

Contact Details

177A, Ligali Ayorinde Street, Victoria Island, Lagos, Nigeria.

info@rexelbdc.com

08148415830

Copyright © 2019 Rexel BDC Limited
Powered by Kentico CMS.