bablowizad:

This is the highest rate on fbn bid dashboard as at this morning.

Investors might start shifting focus to FD. The often thick line between FDs and TBs is fast becoming thin

bablowizad:
Got 10.5% @ 239 FBN dis morng. Not too bad.

..... nor good.

Please anyone with info on Stanbic secondary market rate?

bablowizad:
Got 10.5% @ 239 FBN dis morng. Not too bad.

This to me is not a good offer at all.
I guess the banks are really capitalising on the fact that too many people are running after the longest tenor now that has resulted to over 1600% oversubscription in the last auction to exploit their customers.

The last stop rate was about 12% and the next auction and even up to end of this quarter MAY not get as low as 10% at the primary market for 364days tenor. So, they are simply exploiting the situation or arguing that it's caused by law of demand and supply.

If the secondary market continues to be poor like this, then my advice is for people to go for 182days since it's now easier to get 182days than 364days.

rationalmind:


Investors might start shifting focus to FD. The often thick line between FDs and TBs is fast becoming thin

I for one will never opt for fixed deposit cause of the possible risk and the fact that there's no upfront or discounted rate coupled with the fact that whatever interest they pay is subject to being taxed by Government.

I have friends who were not able to access all their funds at the expiration of their termed fixes deposits cause their bank's were telling them stories and pleading to them to roll over.

That's just me for you

Preferably FGN Savings Bond

http://www.dmo.gov.ng/fgn-bonds/savings-bond

rationalmind:


Investors might start shifting focus to FD. The often thick line between FDs and TBs is fast becoming thin

dyonpoint:
Please anyone with info on Stanbic secondary market rate?

Stanbic secondary market rates for today
85 days is 9.2
148days is 10
232 days is 10.55.

Tony56 is spot on. The banks are taking advantage of their customers because of the prevailing bearish TB market. Despite the historical recent low rates last week in the primary market, the rates are still better than what the banks are offering now.

Kolping:
Preferably FGN Savings Bond

http://www.dmo.gov.ng/fgn-bonds/savings-bond

this is not really a liquid instrument. Itis best for someone who wants to put their cash away for a while , rates for the last savings bond was in the environment of 10-11% coupon as well

Kindly assist

I got treasury bills worth 100, 000 naira from UBA this afternoon @9. 5% rate.

i got debitted about 97, 321 naira that is a profit of only about 2, 700. i was expecting about 9, 500 profit.

please help me with how the interest is calculated...

moemindz:
Kindly assist

I got treasury bills worth 100, 000 naira from UBA this afternoon @9. 5% rate.

i got debitted about 97, 321 naira that is a profit of only about 2, 700. i was expecting about 9, 500 profit.

please help me with how the interest is calculated...

For how many days?

moemindz:
Kindly assist

I got treasury bills worth 100, 000 naira from UBA this afternoon @9. 5% rate.

i got debitted about 97, 321 naira that is a profit of only about 2, 700. i was expecting about 9, 500 profit.

please help me with how the interest is calculated...

Your calculation of N9500 would have been right if the tenor is for 364 days. This is very unlikely since you are buying from the secondary market. Your interest of N2700 is most likely for about 103 day tenor from my calculation. You also need to make a small allowance for the little bank charges

moemindz:
Kindly assist

I got treasury bills worth 100, 000 naira from UBA this afternoon @9. 5% rate.

i got debitted about 97, 321 naira that is a profit of only about 2, 700. i was expecting about 9, 500 profit.

please help me with how the interest is calculated...

what is the tenor ?

TONY56:


I for one will never opt for fixed deposit cause of the possible risk and the fact that there's no upfront or discounted rate coupled with the fact that whatever interest they pay is subject to being taxed by Government.

I have friends who were not able to access all their funds at the expiration of their termed fixes deposits cause their bank's were telling them stories and pleading to them to roll over.

That's just me for you

Those who are used to reinvesting their interest won't have a problem with your first paragraph.

As for the second, deposit targets must be met .

The upside is, you can get better rates for the roll over if your fund is huge and insist on termination.

Kolping:
Preferably FGN Savings Bond
http://www.dmo.gov.ng/fgn-bonds/savings-bond

Tie money down for 2, 3 years at roughly 11%? Not for me sir

dejiotus:


Stanbic secondary market rates for today
85 days is 9.2
148days is 10
232 days is 10.55.

Tony56 is spot on. The banks are taking advantage of their customers because of the prevailing bearish TB market. Despite the historical recent low rates last week in the primary market, the rates are still better than what the banks are offering now.

You can also try non banking financial institutions, which offer higher rates than banks

spenca:


what is the tenor ?

Thanks guys for the response..@otus, spenca.

it's for a 106 days tenor. I understand the interest calculation now, and yes the interest paid (2700) on my 100, 000 is correct..

longer tenors get better returns in term of interests. ive learnt

tunene66:


You can also try non banking financial institutions, which offer higher rates than banks

Can you be more explanatory about the above? No ''RISK'' ?

dotcomnamename:


Can you be more explanatory about the above? No ''RISK'' ?

What i am saying is that stockbroking firms also can be used to buy/sell Treasury bills on both primary/secondary markets

moemindz:


Thanks guys for the response..@otus, spenca.

it's for a 106 days tenor. I understand the interest calculation now, and yes the interest paid (2700) on my 100, 000 is correct..

longer tenors get better returns in term of interests. ive learnt

na wwo, so u are saying u "lent" the bank 100k for 106 days and ur interest is 2,700 naira?
Chai!!! we don suffer for Naija

rationalmind:


Tie money down for 2, 3 years at roughly 11%? Not for me sir

I dont think I can do it for a yr sef

dejiotus:


Stanbic secondary market rates for today
85 days is 9.2
148days is 10
232 days is 10.55.

Tony56 is spot on. The banks are taking advantage of their customers because of the prevailing bearish TB market. Despite the historical recent low rates last week in the primary market, the rates are still better than what the banks are offering now.

Thanks a lot

Seems the party is over. The rates are declining rapidly.

dejiotus:


Stanbic secondary market rates for today
85 days is 9.2
148days is 10
232 days is 10.55.

Tony56 is spot on. The banks are taking advantage of their customers because of the prevailing bearish TB market. Despite the historical recent low rates last week in the primary market, the rates are still better than what the banks are offering now.

Seems the banks are taking advantage of this. !

Result of todays Bonds Market Auction from easykobo


link is here - https://www.easykobo.com/News.aspx?id=19999

I cannot fit to tie money down for 5yrs ooh......

Pls when is the next TB primary auctions......i hear it's on the 2nd of may. Someone should help me confirm.

yinka2011:
Result of todays Bonds Market Auction from easykobo


link is here - https://www.easykobo.com/News.aspx?id=19999

FG bonds looking sweet. Wish they could make it upfront payment.

zamirikpo:
I cannot fit to tie money down for 5yrs ooh......

Pls when is the next TB primary auctions......i hear it's on the 2nd of may. Someone should help me confirm.

Yes.

zamirikpo:
I cannot fit to tie money down for 5yrs ooh......

Pls when is the next TB primary auctions......i hear it's on the 2nd of may. Someone should help me confirm.

yes sir it is on 2nd.

FGN Savings Bond (9-13 April 2018) - 2 year tenor - 10.75%
FGN Savings Bond (9-13 April 2018) - 3 year tenor - 11.75%
FGN Bond (25 April 2018) - 5 year tenor - 12.75%
FGN Bond (25 April 2018) - 7 year tenor - 13.53%
FGN Bond (25 April 2018) - 10 year tenor - 13.98%

yinka2011:
Result of todays Bonds Market Auction from easykobo


link is here - https://www.easykobo.com/News.aspx?id=19999

Kolping:
FGN Savings Bond (9-13 April 2018) - 2 year tenor - 10.75%
FGN Savings Bond (9-13 April 2018) - 3 year tenor - 11.75%
FGN Bond (25 April 2018) - 5 year tenor - 12.75%
FGN Bond (25 April 2018) - 7 year tenor - 13.53%
FGN Bond (25 April 2018) - 10 year tenor - 13.98%

How do I get this bond, wouldn't mind 10yrs

moemindz:


Thanks guys for the response..@otus, spenca.

it's for a 106 days tenor. I understand the interest calculation now, and yes the interest paid (2700) on my 100, 000 is correct..

longer tenors get better returns in term of interests. ive learnt

Congrats man, at least you have started to play along with the rich in TB. I too, am puting in same amount for starters. One have to practice and be a majoy player in investing. #InformationIskey #rememberparableofthetalents . Thnks to the moderator of this post and the real masters in this forum your comments are helping me think possible things #nasmallsmallpersondeygrow