FINANCIAL MARKETS WEEKLY – 22 March 2024
FIXED INCOME MARKETS MONEY MARKETS At the beginning of the week, system liquidity stood at c.-₦351.51 billion. However, as the week progressed, it shifted to a positive position, thanks to…
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FIXED INCOME MARKETS MONEY MARKETS At the beginning of the week, system liquidity stood at c.-₦351.51 billion. However, as the week progressed, it shifted to a positive position, thanks to…
FIXED INCOME MARKETS MONEY MARKETS This week, coupon inflows and FGN 2024 bond maturity impacted the financial system, as system liquidity improved to -₦791.69 billion from -₦2,221.81 billion recorded last…
FIXED INCOME MARKETS Money Markets System liquidity stayed in the negative this week. Despite the absence of significant inflows, the robust NTB auction funding worsened the liquidity situation to close…
FIXED INCOME MARKETS Money Markets For the most part of the week, system liquidity reported a deficit balance, with today’s balance at -₦93.57 billion from -₦964.76 billion recorded last Friday.…
FIXED INCOME MARKETS Money Markets After a positive open at the start of the week, system liquidity deteriorated significantly due to the substantial debits from the settlement of the NTB…
FIXED INCOME MARKETS Money Markets System liquidity remained positive throughout the week, albeit experiencing a decrease at week’s end, dropping by 34.22% to ₦77.17 billion compared to ₦117.33 billion the…
FIXED INCOME MARKETS Money Markets System liquidity was supported by bilateral swap maturities during the week, despite NTB auction funding. For context, system liquidity increased from -₦307.65 billion to ₦117.33…
FIXED INCOME MARKETS Money Markets System liquidity was propelled by FAAC credit at the start of the week but drifted significantly lower into the negative zone throughout the week. The…
FIXED INCOME MARKETS Money Markets The market grappled with negative system liquidity over the course of the week. At the end of the week, opening system liquidity stood at -₦52.97…
FIXED INCOME MARKETS Money Markets This week, system liquidity declined, primarily attributed to OMO bills auction debit. Liquidity dropped from c.₦186.43 billion last Friday to -₦527.96 billion today. As a…