What possible rate should 1 go for b4 march-2?

If it is for one year 18.50% is ok .

ihedioramma:
If it is for one year 18.50% is ok .

Broda frm anoda forum. Tnx
Plz wher cn i get tb calender 4 dis yr?

Please when is the last day for submission of Tbill request in GTBank

Zeiya:
Please when is the last day for submission of Tbill request in GTBank

Madam.. GTbank and most bank is on Monday, but as for Stanbic bank a day before the auction day (Tuesday)... Regards

thanks
Please does Gtbank give room for individuals to state their personal rates or they give everybody bank rate like first bank?

Houstency:


Madam.. GTbank and most bank is on Monday, but as for Stanbic bank a day before the auction day (Tuesday)... Regards

https://www.nairaland.com/3652660/cbn-mop-up-n310bn-through

CBN To Mop Up N310bn Through Treasury Bills this week

dagr8:
https://www.nairaland.com/3652660/cbn-mop-up-n310bn-through

CBN To Mop Up N310bn Through Treasury Bills this week

Gurus in the house, what rates are we looking at for favorable bids this week.
It seems the banks have dried up their funds and channel same towards the forex markets.
Does it mean, we will get higher rates this week, as per lower demands?

feelamong, ukay2, Alikote, ogas

jp130:


Broda frm anoda forum. Tnx
Plz wher cn i get tb calender 4 dis yr?

feelamang talk to him about what he ask .

sanerugwei:


Gurus in the house, what rates are we looking at for favorable bids this week.
It seems the banks have dried up their funds and channel same towards the forex markets.
Does it mean, we will get higher rates this week, as per lower demands?

feelamong, ukay2, Alikote, ogas

banks actually got some inflow on friday and the Inter Bank rates dropped form about 110% to 18%

lets watch how today's trade in the secondary will go..

sanerugwei:


Gurus in the house, what rates are we looking at for favorable bids this week.
It seems the banks have dried up their funds and channel same towards the forex markets.
Does it mean, we will get higher rates this week, as per lower demands?

feelamong, ukay2, Alikote, ogas

I doubt if they'll give higher rates. The govt said it has a target audience and the minimum amount is N5k.
But I think the amount to purchase after the initial sale would spike.
I can't really say for sure, just my thoughts...

Hello all, what is the recommended rate for 364 days at this week's auction? I am thinking of 18%.

Below were the stop rates for the last OMO dated 17-02-2017
174 Days 18.0000
321 Days 18.6000

Does this give us an idea of what to expect this week?

cc: feelamong

40manlappy:
Hello all, what is the recommended rate for 364 days at this week's auction? I am thinking of 18%.

Below were the stop rates for the last OMO dated 17-02-2017
174 Days 18.0000
321 Days 18.6000

Does this give us an idea of what to expect this week?


cc: feelamong

I was told that an OMO was held today...yet to confirm from my banker friends...would confirm by morrow...

Till then...I would just just keep mining bitcoins..

feelamong:



I was told that an OMO was held today...yet to confirm from my banker friends...would confirm by morrow...

Till then...I would just just keep mining bitcoins..

Oga abeg can you confirm and analyse for us early enough tomorrow. Thanks submitting my bid b4 10am 2moro

[quote author=feelamong post=54119110]


I was told that an OMO was held today...yet to confirm from my banker friends...would confirm by morrow...

Till then...I would just just keep mining bitcoins.. [/quote

@feelamong Be sincere and answer dis question......with bitcoin mining is there any tendency or is it possible t o lose ur money .

[quote author=zamirikpo post=54128298][/quote]

This is not a Thread for Bitcoins...pm me on that..

I have just confirmed that there was an OMO yesterday...

this means we are save to bid at last Auction stop rates...maybe a little lower.

feelamong:
I have just confirmed that there was an OMO yesterday...

this means we are save to bid at last Auction stop rates...maybe a little lower.

Thanks boss. Is 18.2% a safe rate?

Oga feelamong,I hail oh!actually am very grateful for your guidance here as it regards particularly treasury bills.Am the type that tends to sit back and learn from other peoples comments.But am interested in something which I have seen u direct someone to PM you.I have done likewise while I hope for a response ,Thanks.

.

midfinger:
Oga feelamong,I hail oh!actually am very grateful for your guidance here as it regards particularly treasury bills.Am the type that tends to sit back and learn from other peoples comments.But am interested in something which I have seen u direct someone to PM you.I have done likewise while I hope for a response ,Thanks.

seen ..responded..

realjidejamal:
Hello All, I want to bid for this week tbill at Union Bank. I am a first timer, i went to the bank yesterday to get the NTB application and agreement form. Pls i will like to know the safe rate to bid for 182 days, how to calculate the % and the best time to submit the form for bidding so as not to miss out. To all the gurus kindly advice.

Thanks

You should have submitted your bid today. Tomorrow may be possible but not all banks will accept it. Best time is Monday preceding the Thursday of the auction.

There's an excel calculator I use for the calculation of the interest and yields. You can find it at the bottom of the post here: http://www.iwilltalk.com/investing-in-treasury-bills-in-nigeria/

All the best

Going by the OMO, state of the economy and recent amendment to economic policy in the country.. i suggest 17% would be a safe rate for 182 days, the last auction was 17.15%, i expect a shed of 0.1 to 0.15% at the next auction

realjidejamal:
Hello All, I want to bid for this week tbill at Union Bank. I am a first timer, i went to the bank yesterday to get the NTB application and agreement form. Pls i will like to know the safe rate to bid for 182 days, how to calculate the % and the best time to submit the form for bidding so as not to miss out. To all the gurus kindly advice.

Thanks

For your informational awareness. Source: InvestmentOne Research.

FIXED INCOME:
While the O/N rate inched up 58bps to 13.83%, the OBB rate remained flat at 12.67%. CBN conducted an OMO auction today, selling N14.1bn worth of 324-day bills at 18.60% stop rate. Despite the OMO auction, investor sentiment in the bond market was mixed today with yields on short dated maturities contracting while the yield on bonds at the tail end of the curve expanded. The yield on the 5yr benchmark bond was flat at 16.11%. However the yield on the 7yr benchmark bond increased by 2bps to 16.24% whilst the yield on the 10yr benchmark bond shed 3bps to 16.62%.
There is scheduled to be a T-bill auction tomorrow, where CBN will be auctioning N310bn worth of 91-day, 182-day and 364-day bills. Given the continued squeeze in liquidity and CBN’s continued stance in selling OMO bills at 18.60% stop rates, we expect rates at the T-bill auction to fall largely in line with the last auction.
While there are no OMO maturities this week, we expect CBN to keep system liquidity tight in defence of the local currency. As a result, we expect money market rates and yields in the fixed income space to remain at current levels.
As at time of writing, NIBOR rates were yet to be published.

jumboo:


You should have submitted your bid today. Tomorrow may be possible but not all banks will accept it. Best time is Monday preceding the Thursday of the auction.

There's an excel calculator I use for the calculation of the interest and yields. You can find it at the bottom of the post here: http://www.iwilltalk.com/investing-in-treasury-bills-in-nigeria/

All the best

Wednesday is the day for auctions every two weeks but successful bids amounts are debited by Thursday.
Unless you are related to the head of treasury, banks will not easily accept customers' bidding on Wednesday because they have to bid online by 11 a.m same day.

Today's (1/3/2017) treasury bills primary auction by the CBN is very significant. This is the last TBs auction that will be opened to small players

Effective from next Monday 6/3/17, minimum TBs subscription is N50m as opposed to the present minimum of just N10,000.

I gleaned this from the advertisement placed in the dailies yesterday by the Debt Management Office which announced changes in market structure and introduced "FGN Savings Bond" for small players.

FGN savings bond is a two to three years tenor bond and interest is payable quarterly. The minimum subscription is just N5,000 while maximum is N50m. It will be issued monthly at interest rates to be announced by the DMO. There is no upfront interest/discount. The primary market will open for 5 days each month but since it is a marketable instrument, secondary market is available every time.

This appears to have effectively limited 'poor people' to only bank term deposits as a means of short term investment.

See details in attached picture.


@lalasticalala

WOW!!!

These guys dont want us to earn like them anymore....

so its either we buy in the secondary markets at reduced rates or higer rates depending on the market conditions or we go for the Savings Bond with their miserly rate there...

Hmmmmm!

i am in shock to think that govt expect small investors will want to tie their money down for 2 to 3 years. this will be counter productive. small players will be greatly affected by this policy. how many individuals will have the time to deal with stock brokers who are the dealers. i think the rich want to hijack the system to further suffocate the poor

feelamong:
WOW!!!

These guys dont want us to earn like them anymore....

so its either we buy in the secondary markets at reduced rates or higer rates depending on the market conditions or we go for the Savings Bond with their miserly rate there...

Hmmmmm!

So brother no more #100,000 and one million ?

2n2k:
Today's (1/3/2017) treasury bills primary auction by the CBN is very significant. This is the last TBs auction that will be opened to small players

Effective from next Monday 6/3/17, minimum TBs subscription is N50m as opposed to the present minimum of just N10,000.

I gleaned this from the advertisement placed in the dailies yesterday by the Debt Management Office which announced changes in market structure and introduced "FGN Savings Bond" for small players.

FGN savings bond is a two to three years tenor bond and interest is payable quarterly. The minimum subscription is just N5,000 while maximum is N50m. It will be issued monthly at interest rates to be announced by the DMO. There is no upfront interest/discount. The primary market will open for 5 days each month but since it is a marketable instrument, secondary market is available every time.

This appears to have effectively limited 'poor people' to only bank term deposits as a means of short term investment.

See details in attached picture.


@lalasticalala

those this mean I can't invest my N10M in T Bill again?

unite4real:
i am in shock to think that govt expect small investors will want to tie their money down for 2 to 3 years. this will be counter productive. small players will be greatly affected by this policy. how many individuals will have the time to deal with stock brokers who are the dealers. i think the rich want to hijack the system to further suffocate the poor

You dont actually have to hold for the period..

It is expected to trade like shares on the floor of the exchange. That is why Stock brokers are being involved in this now.

Considering how much many of us fear these brokers...anyway it would be in my CSCS statements