@aamgroup always follow up on our chart,you wll aways get update.The next auction is 1st of June 2016.

*.

FBN are not trying at all.Not even upto 11%?.Well still ok than having an idle fund in your savings.

Cheers......

Houstency:
With this CBN's marginal rate of 12.48% for 364 days, First bank gave me 10.83% for 364days.. very pretty poor i think.

did u go with bank rate

louismariae:


IHelp thanks for getting back to me.

So how should I proceed?

Visit any branch of your bank and tell them you want to purchase Treasury bill. They will instruct you how to go about it.
For Gtb I do write a letter instructing them on the amount to purchase.

Houstency:
With this CBN's marginal rate of 12.48% for 364 days, First bank gave me 10.83% for 364days.. very pretty poor i think.

Gtb gave over 11%

Why wasting time and cash here While stock is busy making MEN millionaires currently

Rexceedo:
Why wasting time and cash here While stock is busy making MEN millionaires currently

You don't put all your eggs in one basket.

*.

Hello guys,can we get various banks rate on TBills so we can compare.For it seems Gtb Bank is taking the lead.

Cheers...................

I like your repartee, it said it all.
That's what I did- Used my T-bill yield on stock; Its actually paying.

IHelp:


You don't put all your eggs in one basket.

I like your repartee, it said it all. That's what I did- Used my T-bill yield on stock; Its actually paying.

IHelp:

You don't put all your eggs in one basket.

Houstency:
new to Tbills. I just went to FBN and told them i need form to purchase Tbills. Filled the form and got credited with my profits. Did my maths and saw that it was 10.83%. Is there any line of actions to take for better rates next time? Thanks

364 days?

Houstency:
new to Tbills. I just went to FBN and told them i need form to purchase Tbills. Filled the form and got credited with my profits. Did my maths and saw that it was 10.83%. Is there any line of actions to take for better rates next time? Thanks

quote ur own rate..got 11.02% . Just got my SMS alert

Sylverly:
quote ur own rate..got 11.02% . Just got my SMS alert

How many days?

40manlappy:


How many days?

365

Biakwa:
@aamgroup always follow up on our chart,you wll aways get update.The next auction is 1st of June 2016.

OK thanks...... Where would I see your chart?. .... And what do you think I should do as regards my banks saying next week is the auction date and saying stop rate for 365 is 7%.... House please contribute if you have anything to.....

Thanks

aamgroup:


OK thanks...... Where would I see your chart?. .... And what do you think I should do as regards my banks saying next week is the auction date and saying stop rate for 365 is 7%.... House please contribute if you have anything to.....

Thanks

Which bank?

GTBank gave 7.8% p.a for 90 days and gave 7.5% p.a for the previous auction.

Hello House! Pls, which of these Banks( FBN, Diamond, Access, GTB) has individual stop rate option. Now that Banks can't even predict Tbills rate anymore, I feel it'll be better to choose ones rate. I'm looking @ 13.5% for june 1st auction. If it doesn't enter, I'll knw I will bid @ the nxt auction rather than getting awful rate from Banks(FBN). Imagine 10.83% for a rate of 12.48% see the difference!

IHelp:


Which bank?

Diamond and gtbank ile ife

Sterling bank gave me 8% for 91 days. Last auction was 7.8.

aamgroup:


Diamond and gtbank ile ife

Please re confirm the duration. It is either not T bills or not for 364days.

IHelp:


Please re confirm the duration. It is either not T bills or not for 364days.

OK..... I will reconfirm.
Thanks for your time

@ feelamong, please kindly send me more info on how to be making this kind of investment as I have some fund to invest and am scared of investing in any business in Nigeria which I will not be able to personally monitor. You can please send me info into my mail hsemartins@gmail.com

PS: I will be urgently looking for your mail.

Thanks in advance

House, quick question, is T bills still a good investment despite the current situation in the country? recession and all...the economy is in bad shape

lanruma001:
House, quick question, is T bills still a good investment despite the current situation in the country? recession and all...the economy is in bad shape

Its not the first time nigeria has been in recession although we are not yet in recession but we are at risk of it. To the best of my knowledge, Nigeria has never ever defaulted in treasury bills payment despite going through recession. They can always increase taxes or borrow more to complement their shortfall. Remember our debt-GDP ratio is amongst the lowest in the world, so that stats gives the financial team the courage to even borrow more. Fear not! T.bills is safer than fixed deposit unlike Certain banks that have defaulted in times past

When I do my usual comparisms with first bank money market & treasury bills. I ask myself why fbn mmf mangers are not taking advantage of the rising t.bills rate. From the pics I'll upload, you'll find out despite rising rates of t.bills , first bank money market monthly yield isn't keeping up. Their fundsize is shrinking meaning Investors are pulling out funds , so they need to do improve their yields to excite back investors yet they still play meagre in the T.bills market & concerntrating in the already fallen F.deposits. I just weak!!!
***************************************
As for those predicting high rates for the next t.bills. Judging by the pattern in april & may, it seems the rates for 91days & 182days will be almost the same as that of May19. Only the 364days will leap further. Its my speculation anyways. Although this yet to be concluded MPC meeting will give better insight

I guess the next auction will have low yields because of the recession data; the CBN will probably lower interest rates in response to that data.

Seun:
I guess the next auction will have low yields because of the recession data; the CBN will probably lower interest rates in response to that data.

Not buying your guess bro. Nigeria operates a real interest rate model. This means that at every point in time, the MPR should be higher than the inflation rate in the country. Official sources currently put our inflation rate at 13.78% but in reality, its higher than 20%. This MPR dictates the market rate and will definitely go higher by today's evening hence expect even higher rates in coming weeks.

My prediction of today's MPC outcome;

1. MPR increment from 12% to 14% with a wide band of up to 1000 basis points

2. CRR hike to 50% for both public and private sector funds,

3, Liquidity ratio index of 20%, and

4. Devaluation of the Naira to between 240 and 285. ( or creation of an alternative forex window that allows for two way quotes)

GANDALF1:


Not buying your guess bro. Nigeria operates a real interest rate model. This means that at every point in time, the MPR should be higher than the inflation rate in the country. Official sources currently put our inflation rate at 13.78% but in reality, its higher than 20%. This MPR dictates the market rate and will definitely go higher by today's evening hence expect even higher rates in coming weeks.

My prediction of today's MPC outcome;

1. MPR increment from 12% to 14% with a wide band of up to 1000 basis points

2. CRR hike to 50% for both public and private sector funds,

3, Liquidity ratio index of 20%, and

4. Devaluation of the Naira to between 240 and 285. ( or creation of an alternative forex window that allows for two way quotes)

MPR has already been increased to 12%, anything other than unchanged today is bad for the economy. I am even leaning more towards unchanged or a return to 11%, 14% is not feasible.

Hello house am new to TBills and have been going through the pages of this thread. Now my question is which banks has the best rates for TBills and at what rate?

Warming up for that of 1st June.