dandollar1:


Well, that was what my bank sent to me. Maybe time will tell.

izang87:
Guys abeg my TB is supposed to mature soon.
Please am I to notify my bank or I will be credited once it is mature. I don't want it rolled over.
Thanks!

izang87:
Guys abeg my TB is supposed to mature soon.
Please am I to notify my bank or I will be credited once it is mature. I don't want it rolled over.
Thanks!

chizyn:
Hi guys, pls am interested in this treasury bill thing.
Pls could someone explain 2 me how it works
Am a student, so i obviously dnt have alot of money to put in.
How can someone like me be involved in it
Is there anything like the maximum money one can use or something like that??
Hope someone will understand my ramblings
Thnks guys.

dandollar1:
Dear All,

Please be informed that the Debt Management (DMO) has stated that the N198.032B Nigerian Treasury Bills which will mature in December 2017 will not be rolled over. 
 
Kindly type in  link below unto your browser to see full information.
https://www.thisdaylive.com/index.php/2017/12/12/dmo-redeems-n198bn-treasury-bills-in-december/
This information has led to an aggressive demand in the Treasury bills Secondary market thereby crashing the rates further.
 
At this time, being 12 noon Treasury bills in the Secondary  market are trading as follows:
 
91days - 7.40%
182 days -  7.00%
364days - 7.00%

Thank you.


This was the news I got from my bank this afternoon.
Will the rates rise again?

zamirikpo:


By my reckoning this information is wrong. From a lay man's point of view,secondary market is not quoted like the primary market and almost always doesn't include 364days.

2. Until the next executive council meeting of the CBN to restructure our economic policies, rates cannot go below 14%. Get ur facts right b4 misleading people.

I stand to be corrected by @FEELAMONG @vitality@awesomej

zamirikpo:


By my reckoning this information is wrong. From a lay man's point of view,secondary market is not quoted like the primary market and almost always doesn't include 364days.

2. Until the next executive council meeting of the CBN to restructure our economic policies, rates cannot go below 14%. Get ur facts right b4 misleading people.

I stand to be corrected by @FEELAMONG @vitality@awesomej

dandollar1:
Sorry, I didn't generate that message by myself. The likelihood that it is true is very high.

Some people here act like they make the policies or determine how the market goes. Anything can happen at any time.This is Nigeria .

Again,FYI, no treasury bills sales from the primary market this year again, till Jan 3rd 2018. Let's see if this one is false too.

dandollar1:
Dear All,

Please be informed that the Debt Management (DMO) has stated that the N198.032B Nigerian Treasury Bills which will mature in December 2017 will not be rolled over. 
 
Kindly type in  link below unto your browser to see full information.
https://www.thisdaylive.com/index.php/2017/12/12/dmo-redeems-n198bn-treasury-bills-in-december/
This information has led to an aggressive demand in the Treasury bills Secondary market thereby crashing the rates further.
 
At this time, being 12 noon Treasury bills in the Secondary  market are trading as follows:
 
91days - 7.40%
182 days -  7.00%
364days - 7.00%

Thank you.


This was the news I got from my bank this afternoon.
Will the rates rise again?

dandollar1:
Sorry, I didn't generate that message by myself. The likelihood that it is true is very high.

Some people here act like they make the policies or determine how the market goes. Anything can happen at any time.This is Nigeria .

Again,FYI, no treasury bills sales from the primary market this year again, till Jan 3rd 2018. Let's see if this one is false too.

emmanuelewumi:



With 100k, you can Treasury Bills investment with First Bank .

chizyn:

Thanks 4 replying, so Say i am interested, what steps do i take 2 get involved in it?
I assume I'll need 2 first open an acct with First bank, right

zamirikpo:


Until I hear from a reliable source idontbelieveit. Yes there may be no more primary market auctions till next year, but those rates can't be true.

And I don't know everything oga.....that is why I mentioned some possible source of credible info. Don't be offended okay.

vitality22:

Honestly, you've said it all. I had to delve into crypto (bitcoin) with Usi-tech. My greatest regrets is not joining it early enough. I was busy doing Tbills only basically out of fear not to lose money. Bitcoin is now over $15,000. @Feelamong introduced bitcoin with Usi-tech to me.
Just request to be added to the Usi-tech whatsapp group, honestly you will learn alot and convinced to invest.

bigW:


Please add me, I need to learn..

eniorisha:

I was debited last wednesday @FBN @ 15.5% over 127day tenor. The guy directed me to come for d certifate d following day but i won't be chanced till next year as i'm out of Lag @ d moment. I hope my rate & investment won't be affected by all these uncertainties?

dexla:
For those posting about bitcoin, well bad news!!! North Korea just hacked u and stole $64million. I hope y'all learn from this sophisticated ponzi.

Ojix85:
Guys, so this means one must wait till Jan next year for the next auction?

I know its only next month, but *&^%.

Had plans.

texas1:


Go through the first 20 pages of this thread. You ll get all the info/clarification you seek.

awesomeJ:
Zamirikpo and Dandollar, I don't see any wrong info in what either of you has posted here, so there shouldn't be any ish.
As Zamirikpo mentioned, how can you have a 364 day paper on sale on a day when no auctions held? Who issued it? FG of Zimbabwe?
However, Dandollar has said he only shared what his bank sent him, which I know to be true, so I guess what the bank has quoted are only bid/offer rates for bills in the range of those stated tenors, and not for those exact tenors. In any case, it's just a communication error on the bank's part.

On the possibility of having rates that low, it's not out of place, as the news of no auction and a drastic reduction in the overall size of the FG's TBills debt portfolio is something that can cause a panic in the market. The Panic may be huge but it'll be short-lived.

Here are some things to watch out for to know what direction rates will head in the coming quarter:
1. Overall size of bills on offer when the Q1'18 calendar is released. Around 900bn is desirable.
2. MPC's decision at the January meeting. MPR at or above 13% is fine.
3. Frequency of OMO issuances as well as the discounts. 15% or more.
4. Yields in the bond market, as well as the movement of the NSE ASI. These are alternative vehicles for investors.

I however expect the CBN to want a bullish TBill market for exchange rate stability interests, and any other interests they may have.

I think for much of this coming quarter, yields on 364-day papers should remain above 15%.



By the way, nobody would want T-bills at 7%, they'd rather opt for Eurobonds. That's what I'd expect from those money market FPIs.

Now, if after 2 quarters of implementing this new plan, we yet have prime lending rates above 27%, and quoted companies still choose rights issues over corporate bonds and commercial papers, maybe we'll see a return to status quo.

And lest I forget, Fxuser, fxmanager, and all other fxmonikers, kindly reduce the length and frequency of your posts here.Thanks.

dexla:
For those posting about bitcoin, well bad news!!! North Korea just hacked u and stole $64million. I hope y'all learn from this sophisticated ponzi.