Bonds & Fixed Income | |
Bonds & Fixed Income | |
3420 VIEWS | |
![]() |
Inflation |
15.37% |
Declined by 0.54% in December from 15.90% in November
2017 |
MPR |
14.00% |
Left unchanged at 14.00% at the MPC meeting of November
2017 |
External Reserves |
$41.01billion |
Accreted 1.73% as at 7 February from
$40.92bn as at 6 February 2018 |
Brent Crude |
$65.19pb |
Fell by 1.14% from $65.94pb on 7 February 2018 |
Benchmark FGN Bond Yields |
|||
Description |
Bid (%) |
Offer (%) |
Day Change (%) |
16.00 29-Jun-19 |
14.18 |
14.11 |
0.06 |
15.54 13-Feb-20 |
14.30 |
14.23 |
(0.14) |
14.50 15-Jul-21 |
13.79 |
13.72 |
(0.04) |
16.39 27-Jan-22 |
13.62 |
13.55 |
(0.03) |
14.20 14-Mar-24 |
13.70 |
13.63 |
(0.02) |
12.50 22-Jan-26 |
13.85 |
13.78 |
0.04 |
16.29 17-Mar-27 |
13.75 |
13.68 |
0.02 |
12.15 18-Jul-34 |
13.69 |
13.62 |
0.02 |
12.40 18-Mar-36 |
13.59 |
13.52 |
(0.07) |
16.25 18-Apr-37 |
13.51 |
13.44 |
(0.07) |
|
|||
Description |
Bid
(%) |
Offer
(%) |
Day
Change (%) |
1-Mar-18 |
14.40 |
14.25 |
(0.45) |
5-Apr-18 |
15.00 |
14.85 |
0.00 |
3-May-18 |
13.85 |
13.70 |
(0.50) |
14-Jun-18 |
14.60 |
14.45 |
0.00 |
5-Jul-18 |
14.05 |
13.90 |
(0.20) |
2-Aug-18 |
14.20 |
13.45 |
0.10 |
20-Sep-18 |
14.50 |
14.35 |
(0.05) |
4-Oct-18 |
14.40 |
14.25 |
(0.30) |
1-Nov-18 |
14.40 |
14.25 |
0.30 |
3-Jan-19 |
13.90 |
13.75 |
0.10 |
OMO
Auction Result |
||||
Tenor |
Rate
(%) |
Offer
(NBn) |
Sub (N'bn) |
Sale
(N'bn) |
98 day |
12.60 |
30.00 |
0.12 |
0.12 |
252 day |
14.40 |
70.00 |
23.30 |
23.30 |
Money Market Rates |
||
|
Current (%) |
Previous (%) |
Open Buy Back (OBB) |
46.67 |
53.00 |
Overnight (O/N) |
48.00 |
53.08 |
FX
Rates |
||
|
Current (N/$) |
Previous ( N/$) |
CBN Spot |
305.85 |
305.85 |
CBN SMIS |
330.00 |
330.00 |
I&E FX Window |
360.40 |
360.21 |
Parallel Market |
361.40 |
361.60 |
1.
CBN
releases No-Sale OMO Result, as Finance Minister Announces Prospective $2.5bn
Eurobond Issuance
2.
FGN
Savings Bond February 2018 Offer
3.
Funding
Pressures Push Lending Rates above 30%, amid Continued Sell off on Bonds
4.
Bond
Yields Rise on Weak Local Demand and Slight Offshore Sell
5.
DMO
issues 2 and 3 year Savings Bonds at 10.277% and 11.277% respectively
6.
Nigeria’s
Re-Inclusion to the JP Morgan Index, How Feasible?
7.
CBN
sells N215bn OMO T-bills to Mop up Excess Liquidity Inflows
8.
CBN
sells N253bn T-bills at c.10bps lower than previous Auction Rate
9. FGN Domestic Debt Service Payment Increased In Line With The Stock of Domestic Debt