Guy is mutual funds better than tbills?

feelamong:


Engineer..take am easy....

Just vote with ya feet...look for another account officer in the bank that understands the Tbills well and deal with him

Sir,
Move your money to STANBIC IBTC Bank and bid for yourself...

Once your bid is below CBN stop rate...you will be debited... No stories... Its as simple as ABC...

Ryder306:



Sir, have u been debited by stanbic? am still waiting for mine.....abi should i be worried

Got debit alerts around noon today from Stanbic IBTC confirming that my 182days bid for 17.25% pa was successful.

ukay2

I opened a 1st bank 4 this purpose now I don't enjoy. Does this mean I have to open an account with stanbic? Oghene.

@ feelamong........u r very correct, just like when I wrote jamb 3x....

With ur help ,the voodoo go surely die. On behalf of other members of this thread I wish to thank u immensely for ur support.

I stumbled into this thread some weeks ago, but I already feel I can handle a hedge fund.

ukay2:



Sir,
Move your money to STANBIC IBTC Bank and bid for yourself...

Once your bid is below CBN stop rate...you will be debited... No stories... Its as simple as ABC...

whats the minimum one can ibnvest with the bank

just2endowed:



whats the minimum one can ibnvest with the bank

100k

ukay2:


100k

.

Thanks.

Union Bank requires that bids be submitted latest by 4pm on the Friday before the bid, that is, for the 31st August auction they want to have my instructions by 26th August and that is too early for me to know the best rates to bid with as I'm wary of their own bids.
Stanbic IBTC is their custodial nominee.

I have resigned to their own bids coming next week. But if anyone can advice me on likely best rates, I'll appreciate it.

I also lost out on 15.2% for 119 days in the secondary market. But that's OK,

Please I need help with this questions about the secondary market. 1) can I buy tbills @ the secondary market anytime or is there any specified date or week like in the primary market. 2)Can I get a 300 day and above tenor in d secondary market, considering d removal of 364 tenor by d CBN. I invested 200K in 182 tenor tbills n it will b maturing on the 1st of Sept, so am goin 2 miss d nxt primary auction.

FIDELITY24:
Please I need help with this questions about the secondary market. 1) can I buy tbills @ the secondary market anytime or is there any specified date or week like in the primary market. 2)Can I get a 300 day and above tenor in d secondary market, considering d removal of 364 tenor by d CBN. I invested 200K in 182 tenor tbills n it will b maturing on the 1st of Sept, so am goin 2 miss d nxt primary auction.

YES to all your questions.

Desanta:


YES to all your questions.

Tank yOU!

NTB Calendar for #rd Quarter

abimbola01:
NTB Calendar for #rd Quarter

Does this mean that there will be 364 in the next auction?

quertyquack:
How can your interest be more than your principal?
Check your numbers again.

The amount I quoted is how much I expect to be deducted which is the over 170k to get back 200k after 91 days

@feelamong please advise if 364 days would be available in the next auction based on the events in the previous bid.

adetolanex:
@feelamong please advise if 364 days would be available in the next auction based on the events in the previous bid.

It will surely be available. Get prepared to do your bidding

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debeey87:
To aid my understanding,I'll like to paint a scenario about buying in the next a auction.

I was told by stanbic d 91days rate for d next auction is 14.99%. I plan getting 200k for instance on the day of maturity.

From my understanding, I'll be buying with 170020 naira to get d 200k at the end of the 91days.

Pls my ogas here, make una tell me whether my analysis is right cos I plan buying in the next offer.

Thanks

Interest is per annum so your calculation is wrong.

You will be needing to invest 192,505 to get your 200,000 at maturity. You would have been correct if the investment was for 364 days. But for 91 days, you should divide your annual interest by 4.

FIDELITY24:
Please I need help with this questions about the secondary market. 1) can I buy tbills @ the secondary market anytime or is there any specified date or week like in the primary market. 2)Can I get a 300 day and above tenor in d secondary market, considering d removal of 364 tenor by d CBN. I invested 200K in 182 tenor tbills n it will b maturing on the 1st of Sept, so am goin 2 miss d nxt primary auction.

The quote we got from secondary market last week was very discouraging; 12.7% for 72 days.

otokx:


The quote we got from secondary market last week was very discouraging; 12.7% for 72 days.

Does it mean primary market rate will drop?

"Bonds & TBills yields expected to expand next week"
- Channels tv


What are we expecting?

Acidosis:
"Bonds & TBills yields expected to expand next week"

- Channels tv



What are we expecting?

Are we expecting high yield. I am doing next auction by God grace

easyflow:
Guy is mutual funds better than tbills?

Presently interest rates on Tbills are better than what is available on mutual funds. As at friday, StanbicIBTC Money market rate was 11.5% (its raising though).

I lost my bid for 364 days on Wednesday (i'm a first timer ), I transferred my funds back to money market.

For me, ease of access takes a slight preeminence over interest rate. Not sure of how easy it is to recover funds in TBills without waiting out the tenure but with StanbicIBTC MM i have my cash within 24hrs.

brainhack:


Presently interest rates on Tbills are better than what is available on mutual funds. As at friday, StanbicIBTC Money market rate was 11.5% (its raising though).

I lost my bid for 364 days on Wednesday (i'm a first timer ), I transferred my funds back to money market.

For me, ease of access takes a slight preeminence over interest rate. Not sure of how easy it is to recover funds in TBills without waiting out the tenure but with StanbicIBTC MM i have my cash within 24hrs.

lucky you, first bank money market last months rate was at 9%; up until now I have been at a cross road with the online customer support sevie. their feedback is very poor, for bout 2wks now i have been trying to get funds out of it to cash in on tbills rate but them just dey weak my soul. ease of recovering funds with them is very poooooor,

Chukzyfcb:

lucky you, first bank money market last months rate was at 9%; up until now I have been at a cross road with the online customer support sevie. their feedback is very poor, for bout 2wks now i have been trying to get funds out of it to cash in on tbills rate but them just dey weak my soul. ease of recovering funds with them is very poooooor,

I follow my money bumper to bumper. If StanbicIBTC asset management want to even think of slacking i change them like TM Shirt, no time.

StanbicIBTC MM services has been quite satisfactory, ARM's account opening form na just to reach hand i don fill am but they have been giving me all the right reasons not to.

Maybe you should try escalating your disatisfaction with Firstbank MM services to a mid-level staff.

@feelamong , where do i get money market updates..............

Pls can I terminate my Treasury bill b4 maturity.
One fellow in diamond bank is telling me I can't terminate it cos it's CBN but I insisted I bought it from their secondary market (@ 8% for 181 days). She reluctantly accepted to patch my letter through to their head quarters.

I bought at the secondary market @ 15% for 182 days last week Thursday after missing out at the primary auction by a margin .28%

confluence:
I bought at the secondary market @ 15% for 182 days last week Thursday after missing out at the primary auction by a margin .28%

Which bank did you buy from in the secondary market?

Pls when is next auction coming up?
Also has anyone bought the TB through Fidelity Bank, because I have account with them. What was the experience?

Just reading this thread and it's been quite informative. I put some huge spare cash in fixed deposit only to be told that TB is better. I spoke with my bank (Access bank) and they gave me 13.5% on TB.
I'd like the gurus in the house to put me right by answering below questions
1. For primary bids, can I speak with my bank on the percentage I want.
2. When is the next bid date
3. So percentage can I bid with
4. Is it wise to leave bidding to my account officer

Thanks as I impatiently wait for your response