Tag: OVERNIGHT RATE

SAT 25 SEPT, 2021-theGBJournal- The overnight (OVN) rate contracted by 50bps w/w to 17.3%, as inflows from FAAC disbursements (c. NGN407.71 billion) and FGN...

SAT 11 SEPT, 2021-theGBJournal- The overnight (OVN) rate expanded by 100bps w/w to 14.5% as funding pressures for net NTB issuances (NGN71.34 billion) and...

SAT 29 MAY, 2021-theGBJournal- As in prior weeks, the depressed system liquidity underpinned another bearish performance in the Treasury bills secondary market as local...

SAT 10 APRIL, 2021-theGBJournal-As expected, the overall Treasury bills secondary market was bearish, following the liquidity dearth in the system. Thus, the average yield...

SAT 20 MARCH, 2021-theGBJournal- The overnight (OVN) rate expanded by 11.33ppts, w/w, to 25.5% as outflows for CRR debits, FX auctions, OMO auction (NGN60.00...

SAT 23 JAN, 2021-theGBJournal- The overnight (OVN) rate expanded by 950bps w/w, to 10.5%. The rate was depressed for most of the week, as...

SAT 16 JAN, 2021-theGBJournal- In line with our expectation, the overnight (OVN) rate dipped by 833bps w/w, to 1.0% as inflows from OMO (NGN211.25...

SAT 09 JAN, 2021-theGBJournal- The Treasury bonds secondary market opened the year with bearish trading, as the lack of clarity on the direction of...

…Overnight rate expanded by 275 bps w/w to 4.3% …Apprehension for yields dominates T-bills market SAT, 05 DEC, 2020-theGBJournal- The Treasury bond secondary market retraced this...

SAT, 28 NOV, 2020-theGBJournal- The bond secondary market remained bullish this week, as average yield declined by 12bps to 3.9%. We attribute the bullish...