FINANCIAL MARKETS WEEKLY – 27 October 2023
FIXED INCOME MARKETS Money Markets System liquidity improved this week, due to bond coupon inflows and FAAC credits. Contextually, liquidity increased by 244.49% from ₦246.50 billion to ₦849.18 billion this week. Nevertheless, the Open Repo Rate (OPR)…
FINANCIAL MARKETS TODAY –03 October 2023
FIXED INCOME MARKETS Money Market Opening system liquidity significantly increased today from ₦405.20 billion last week Friday to ₦823.07 billion today. Unsurprisingly, the Open Repo Rate (OPR) and the Overnight Rate (O/N) contracted by 170bps and 195bps…
FINANCIAL MARKETS TODAY –26 September 2023
FIXED INCOME MARKETS Money Market Opening system liquidity weakened further by c. 26.28% from ₦47.72 billion yesterday to ₦35.18 billion today. Thus, the Open Repo Rate (OPR) soared by 500bps to 10.50%, while the Overnight Rate (O/N) expanded by 479bps…
FINANCIAL MARKETS TODAY –25 September 2023
FIXED INCOME MARKETS Money Market Opening system liquidity fell by c. 27.31% from ₦65.64 billion on Friday to ₦47.72 billion today. In response, the Open Repo Rate (OPR) widened by 292bps to 5.50%, while the Overnight Rate (O/N) expanded by 296bps to…
FINANCIAL MARKETS TODAY –21 September 2023
FIXED INCOME MARKETS Money Market Opening system liquidity fell by 21.56% from yesterday’s balance but stayed positive. For context, system liquidity opened at ₦181.17 billion long, from ₦230.96 billion long yesterday. Nonetheless, the Open Repo Rate…
FINANCIAL MARKETS TODAY –20 September 2023
FIXED INCOME MARKETS Money Market Today, there was a surge in system liquidity, boasting a noteworthy ₦230.96 billion surplus, a stark contrast to the ₦41.43 billion deficit observed just yesterday. This liquidity infusion led to significant shifts in…
FINANCIAL MARKETS TODAY –19 September 2023
FIXED INCOME MARKETS Money Market System liquidity opened the trading session on a negative footing at c.-₦41.43 billion, in contrast to the ₦110.77 billion registered yesterday. The Open Repo Rate (OPR) declined by 120 basis points, settling at 14.63%,…
FINANCIAL MARKETS TODAY –18 September 2023
FIXED INCOME MARKETS Money Market As a result of the coupon inflows observed today, the overall system liquidity opened the trading session on a favourable footing, amounting to c.₦110.77 billion in excess, in contrast to the deficit of ₦317.53 billion…
FINANCIAL MARKETS TODAY –14 September 2023
FIXED INCOME MARKETS Money Market System liquidity opened on a negative note today, at ₦344.34 billion short, compared with ₦450.31 billion short, recorded yesterday. Nonetheless, the Open Repo Rate (OPR) increased by 75bps to 23.50%, while the Overnight…
FINANCIAL MARKETS TODAY –13 September 2023
FIXED INCOME MARKETS Money Market Opening system liquidity fell to ₦450.31 billion short, compared with ₦131.46 billion short, recorded yesterday. As a result, the Open Repo Rate (OPR) increased by 75bps to 22.75%, while the Overnight Rate (O/N) expanded…
