TONY56:


I beg to differ with the interviewee.
I heard him say that "if you bid for TB at 14% and the stop rate is 17%, you will eventually get 17% also.

That is not true. If you are successful, you will get the rate you bidded for. If what he said is true, then why does some banks like Stanbic and First buy at better rates than others?

To me, the man has confused issues about it entirely. CBN mat announce the average rate budded by all the investors but does not sell at average bid rate. You can't ask to buy TB at 10% for example and get it at 9 or 11%.

What he told his viewers on that programme to me is absolutely not correct. I humbly stand to be corrected.

Agbaletu:

Honestly, it is not sweet. Anyway, it is still better than to leave it in my savings account. I just have to put in another 8 digits [/b]since I don't need it now. I will try MMF by next month.

TONY56:


I beg to differ with the interviewee.
I heard him say that "if you bid for TB at 14% and the stop rate is 17%, you will eventually get 17% also.

That is not true. If you are successful, you will get the rate you bidded for. If what he said is true, then why does some banks like Stanbic and First buy at better rates than others?

To me, the man has confused issues about it entirely. CBN may announce the average bid rate of all the investors but does not sell at average bid rate. You can't ask to buy TB at 10% for example and get it at 9 or 11%.

What he told his viewers on that programme to me is absolutely not correct. I humbly stand to be corrected.

TONY56:


I must confess that I have never bought and terminated a TB bought at secondary market before so I don't know if TB purchased at secondary market can be terminated before maturity.
But I am sure that if it's possible to terminate it, same scenario illustrated above will apply

Khutie:

•••What's the difference between primary and secondary market?

dotcomnamename:
This is nice



https://www.youtube.com/watch?v=Mw2VVuKdTY8

freeman67:
Oga Tony you posted a very nice video too. Though Ugo in the first video may not have broken it down completely. In the video you posted the fair CBN lady said there is 'Buy Monthly Auction' and 'Dutch Auction' she only explained Dutch Auction; as the auction where every body gets their bidding rate irrespective of the auctions stop rate. I believe if she had explained the other one you would have seen the angle Ugo came from.

@Oga Aghalee Bank sets their separate rules and the way they do things. For example ; CBN did not set 1M minimum for Fidelity and UBA in TB investment they set it for themselves in a way. Presently CBN approved rate for transfer of funds through ATM is N50 +N2.5 VAT but I used a UBA card for transfers on Jaizbank and I was charged N100 per transfer. These banks can do anything. Those days when retail investors can bid below 50M even if you want to set your own bid rate some banks will still disagree.. Why? Because they won't benefit anything from you that way. So most times even if some banks gets a successful bid at higher they will still give you lower.

royalzee:


Nice Video....Below is a link for the continuation.


https://www.youtube.com/watch?v=EIoB1Zcl1Mw

freeman67:
@Tony Thanks had to look it up thoroughly in investopedia.com after reading your post.

U1:
Hello. Could someone confirm if there will be auction this week? Thanks!

yinka2011:



no not this week. we just had one on wednesday.

next auction (primary i.e) will be on 14th valentine day.


stock market will bleed hard that day....the top guru told me.

yinka2011:



no not this week. we just had one on wednesday.

next auction (primary i.e) will be on 14th valentine day.


stock market will bleed hard that day....the top guru told me.

nonnycn12:
Gmorn peeps. Pls could someone help me out here

Went to FBN on weds for TB purchase and after going thru the available rates settled for 240 @13.5%. Unlike other times, there was no deduction that day till d ff day.
On Fri, i went to pick my proof of transaction, I saw 239@13.2%.. the 239 days i understand based on the explanation they gave as they could not process the transaction bc of netwk, but the 13.2% shortfall, i cant understand since its same tenor and rate. I asked why they did not call or text since ther was a change, they were just sorry. I kind of perceive foul play.
Gurus in d house, could u help me plsss.

TONY56:
m


It's obvious that you didn't watch the said 2nd part of the video. He mentioned 10% of N100,000 and not 9%.
10% of N100,000 i's N10,000 (for 364-day tenor). So for a 91-day tenor he was talking about, the interest is N10,000/4 = N2,500. For 30-day tenor, it should have been 2500/3 = N83.33 instead of the N420 that he got

TONY56:



I hope that's not a question meant for me?
If it is, I am sorry that I won't answer it cause it has been answered on this thread more than 50 times so the answer is on the thread and I have posted earlier that I will no longer answer questions that have been answered severally on this thread. The answer is even in the video i posted yesterday.

Please don't feel offended.

TONY56:


THE ABOVE VIDEO IS NOT NICE AT ALL PLEASE!!!

People, especially newbies who don't really understand how Treasury Bills work should please throw the above video into the trash because it's a misleading interview as I have already posted earlier.

Even in the follow up or second part of that interview, the interviewee was calculating N2,500/3 to be equal to N450. Can you imagine?


I have painstakingly looked for a better video in its place that will explain Treasury Bill better to everyone
Please find it below and compare with the one above.


https://www.youtube.com/watch?v=q2vAnm6sEWM

TONY56:
m


It's obvious that you didn't watch the said 2nd part of the video. He mentioned 10% of N100,000 and not 9%.
10% of N100,000 i's N10,000 (for 364-day tenor). So for a 91-day tenor he was talking about, the interest is N10,000/4 = N2,500. For 30-day tenor, it should have been 2500/3 = N83.33 instead of the N420 that he got

fickyola:
I am TB investor, my due date for my 1year plan is 28/Feb and I wish to re invest which I did not thick in during the previous bidding and​ I don't wish to stay for two additional weeks, how do I go about it?
Secondly, I wish to change my bank from GTB to first Bank. Hope this will make sense? I would like anyone​ to​ put me through.

Nowayo4Real:

2500/3 =833.33..., and not 83.33

nennin:
please sorry for spamming the thread why not go for fixed deposit? Because i had some banks give up to %4.5 per month.