slimtriggaman:
Chai and i did 12.2 for 182 days...i feel like crying

Pele

Ndo

Etc

Dear Feelamong,

Please find below NTB Auction result for July 20, 2016

Auction Date 20/07/2016 20/07/2016 20/07/2016

Allotment / Issue Date 21/07/2016 21/07/2016 21/07/2016

Tenor (91-Day) (182-Day) (364-Day)

Offer Amount (=N=) 36,786,994,000 39,175,905,000 52,000,000,000

Total Subscription (=N=) 52,081,526,000 85,067,822,000 255,237,914,000

Allotment (=N=) 36,786,994,000 39,175,905,000 129,000,000,000

Range of Bid Rates (%): 9.5000 – 17.0108 11.0000 – 18.6108 12.0000 – 21.0693

Stop Rates (%): 14.1400 15.4850 16.4800

The good days are back again!!

We are now fully back in Business!!

feelamong:
The good days are back again!!

We are now fully back in Business!!

e dey do me like film.hmmm hope government will be able to pay back

Pls what rate do I actually get on Tbills, I bidded 9.5% yesterday for 91 days? Do I get the 9.5% I bidded or 14.14%?
Thanks

MrTour:
Pls what rate do I actually get on Tbills, I bidded 9.5% yesterday for 91 days? Do I get the 9.5% I bidded or 14.14%?
Thanks

9.5% you will get

Chai that's some serious money I missed out on nearly 5% more, if I had asked bank to bid for me they probably would have gone 9.5 % as well.

ukay2:



9.5% you will get

This is serious

i hear say it may get to 17+

Let wait for the next Tbills , na small small we go do dey do am

I was at my bank today (SCB) to bid for this week TB auction, and i was i told its closed already but i can bid at the secondary market at the discount rate of 10% for 182 days.

I dont know if this is good enough? my people should i go ahead or wait to bid at the next primary market. This is my first Tbills attempt

Chai.. ..i don' short badly.. .....i go bid 12% for 182 days, I dey short 3%......and I no go fit improve my bid until next year. Thank God I didn't bid with diamond who were telling me 9.5% for 182days.

But with d bad news of d economy, I say again, hope d Govt won't owe us.. ...pls gurus in d house. ....wats ur take.

@feelamong, it's like u got in at the rates u posted, how did u do it, how did u get d info.

For future trades, I would love to join ur band wagon. Some say it's becos d govt needs money due to d bad economy dats y d rates r high.

How did u guage ur entry.

feelamong:

Stop Rates (%): 14.1400 15.4850 16.4800

ooooooo!! I luuuuuuv what I'm seeing!!!!

Notice of MPC Meeting
The 251st Meeting of the Monetary Policy Committee (MPC) is scheduled to hold as follows:
Venue: MPC Meeting Room, 11th Floor, Wing C, CBN Corporate Headquarters, Abuja
Day 1: Monday, July 25, 2016 Time: 10:00am
Day 2: Tuesday, July 26, 2016 Time: 9:00am

http://www.cbn.gov.ng/Out/2016/CCD/Notice%20of%20251st%20MPC%20Meeting.pdf

feelamong:
The good days are back again!!

We are now fully back in Business!!

Some guys will now be thinking of "crashing" Tbills that they earlier booked at lower rates...feelamong, do you think it makes sense to liquidate one that is currently running for between 8%-9% pa for 180 days and bid for higher rates at the next auction?

hello house,im jst considering dis bond thing o.pls kindly update when the next bidding is out.thanks

Adesiji77:




Some guys will now be thinking of "crashing" Tbills that they earlier booked at lower rates...feelamong, do you think it makes sense to liquidate one that is currently running for between 8%-9% pa for 180 days and bid for higher rates at the next auction?

WOULD LOVE TO HEAR YOUR OPINION....FEELAMONG AND WHAT RATE WOULD ONE PAY TO LIQUIDATE...

Pls,am new here,I submitted my bid last week for as low as 14.5 for 364 days ,gt bank, wen am I going to b debited as I am yet to receive any alert, will appreciate any form of replies ,thank u

zamirikpo:
@feelamong, it's like u got in at the rates u posted, how did u do it, how did u get d info.

For future trades, I would love to join ur band wagon. Some say it's becos d govt needs money due to d bad economy dats y d rates r high.

How did u guage ur entry.

For the records, I did not get the Stop rates...

I actually bidded for 91 days at 12%

now we know we are fully back in businesss

Seems the govt is trying to attract the FPIs, at least to get the dollars which is very scarce!

i expect these rates to remain high for the next 6 - 8 months

Adesiji77:




Some guys will now be thinking of "crashing" Tbills that they earlier booked at lower rates...feelamong, do you think it makes sense to liquidate one that is currently running for between 8%-9% pa for 180 days and bid for higher rates at the next auction?

It actually makes sence to liquidate a running TB, take in the loss and go for the higher rates..

but then as it is now; you cannot discount your TB unless the volume is up to N100M (like i was told by most banks)

so it means you have to hold till maturity

We need to have a vibrant secondary market for retail customers( Only the banks and Big PFAs, Fund Managers are enjoying the secondary market now)

Ayobami9364:
Pls,am new here,I submitted my bid last week for as low as 14.5 for 364 days ,gt bank, wen am I going to b debited as I am yet to receive any alert, will appreciate any form of replies ,thank u

You should be debited today or in some banks by morrow morning....

feelamong:


It actually makes sence to liquidate a running TB, take in the loss and go for the higher rates..

but then as it is now; you cannot discount your TB unless the volume is up to N100M (like i was told by most banks)

so it means you have to hold till maturity

We need to have a vibrant secondary market for retail customers( Only the banks and Big PFAs, Fund Managers are enjoying the secondary market now)

Or you could use a money market mutual fund. They invest in TBs so their yields track TB rates

See blessing in disguise, I applied for 182 days @ 12.10%, but I got my instruction in very late! So I didn't make it. Thank God I can bid 14.5% for August 4th! Lovely days ahead.

feelamong:


It actually makes sence to liquidate a running TB, take in the loss and go for the higher rates..

but then as it is now; you cannot discount your TB unless the volume is up to N100M (like i was told by most banks)

so it means you have to hold till maturity

We need to have a vibrant secondary market for retail customers( Only the banks and Big PFAs, Fund Managers are enjoying the secondary market now)

You can actually discount TBs that are far less than that. Talking from experience...

feelamong:


For the records, I did not get the Stop rates...

I actually bidded for 91 days at 12%

now we know we are fully back in businesss

Seems the govt is trying to attract the FPIs, at least to get the dollars which is very scarce!

i expect these rates to remain high for the next 6 - 8 months

You may be right @bolded. See below

http://businessdayonline.com/offshore-investors-need-nigeria-sovereign-yields-at-20-to-act/

feelamong:


You should be debited today or in some banks by morrow morning....

.

Thanks Bros

Zenith gave me 13% for 182 days.

@ feelamong, how come u didnt get a higher rate, tot u r privy to some info. unlike newbies like me. u started traded since 2012, u must have an advantage.

i placed my bid through skyebank @ 12% for 182 days........pls when is the next bid date......

Also New This.. Banking with UBA and sent in my instruction Last week, Not Gotten A debit alert as well. I Dont Even Know The Rate UBA Bidded For Me.

Hello house, I am new in TB investment! plse enlighten me a bit; how does someone get his bank to bid for de TB at the prevailing rate?

@warchild i have been debited ooh, call ur account officer.

@feelamong is there a calendar for the bids , wanna know when the next bids would happen....

I swear FIRST BANK is the best bank for this T.BILLS. I actually got %14.5 for 186days tenure. Oboi it pays to go with bank rate atimes, especially FBN.
I must lock down another fund next week. This easy money sweet i swear!