FINANCIAL MARKETS TODAY – 15 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity fell by 32.09% from ₦439.68 billion yesterday to ₦298.61 billion today. However, the Open Repo Rate contracted by 29bps to 14.50%, while the Overnight Rate fell by 35bps to 15.11%. Outlook: We…
FINANCIAL MARKETS TODAY – 14 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity increased further by 67.37% from ₦262.70 billion yesterday to ₦439.68 billion today. Hence, the Open Repo Rate contracted by 82bps to 14.79%, while the Overnight Rate fell by 83bps to 15.46%.…
FINANCIAL MARKETS TODAY – 13 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity increased by 19.51% from ₦219.82 billion yesterday to ₦262.70 billion today. Nevertheless, the Open Repo Rate increased by 23bps to 15.61%, while the Overnight Rate fell by 19bps to 16.29%.…
FINANCIAL MARKETS TODAY – 12 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity increased by 87.36% from ₦117.32 billion last week to ₦219.82 billion today. Thus, the Open Repo Rate declined by 12bps to 15.38%, and the Overnight Rate lost 90bps to 16.10%. Outlook: We expect…
FINANCIAL MARKETS TODAY – 08 February 2024
FIXED INCOME MARKETS Money Market The NTB auction debit caused a significant decline in opening system liquidity, plunging to a deficit of ₦390.63 billion today, down from the positive opening balance of ₦126.66 billion yesterday. Thus, the Open Repo…
FINANCIAL MARKETS TODAY – 07 February 2024
FIXED INCOME MARKETS Money Market Opening system liquidity increased by 144.73% to ₦126.66 billion long today, buoyed by bilateral swap maturities. However, the Open Repo Rate increased by 308bps to 19.08%, and the Overnight Rate soared by 283bps to…
FINANCIAL MARKETS TODAY – 06 February 2024
FIXED INCOME MARKETS Money Market System liquidity improved to a positive level as it opened at ₦51.76 billion long, compared with yesterday’s opening balance of -₦172.43 billion. Consequently, the Open Repo Rate declined by 610bps to 16.00%, and the…
FINANCIAL MARKETS TODAY – 05 February 2024
FIXED INCOME MARKETS Money Market System liquidity remained negative, opening at -₦172.43 billion, compared with Friday’s opening balance of -₦307.65 billion. Consequently, the Open Repo Rate increased by 190bps to 22.10%, and the Overnight Rate expanded…
FINANCIAL MARKETS TODAY – 01 February 2024
FIXED INCOME MARKETS Money Market In the absence of material inflows, opening system liquidity was reported at -₦287.27 billion, compared with previous day’s opening figure of -₦320.25 billion. Nonetheless, the Open Repo Rate increased by 244bps to…
FINANCIAL MARKETS TODAY –31 January 2024
FIXED INCOME MARKETS Money Market Opening system liquidity slid further into the negative zone as it printed at -₦320.25 billion, compared with previous day’s opening figure of -₦22.08 billion. This was driven by the FGN bond auction funding. As a…
