₦airaland Forum

MCeemajesty:
Auction Date (03/04/2019)

Stop Rates (%):

10.2900 - 91 Day

12.6000 - 182 Day

12.8500 - 364 Day

A slight improvement from the last Auction results....

I think we might see an uptick in rates in the coming days.......some people must fund the new govt borrowing for the improved N10Tr budget!

tritritri:
stew everywhere. i dey fear to place trade ooh.

Best time to go shopping...

TREASURY BILLS AUCTION 20/03/2019

91 DAYS ----10.30%

182 DAYS ------12.20%

364 DAYS ------12.34%

These rates are really not looking good any more o

Interest rates fall further as portfolio investors flood market
…CBN auctions N89.5bn T-Bills at 10.75%-12.84%…Oversubscribed by N200.17bn

https://businessday.ng/exclusives/article/interest-rates-fall-further-as-portfolio-investors-flood-market/

dexla:
Can someone please update us on today's rate

Rates not looking good!

91 days - 10.75%

182 days - 12.50%

364 days - 12.845%

CompareDBest:
Can we ask if you invested an amount in the region of =N=8.5million? When we last asked, GTB deducts 0.1% of the face value/whole amount and =N=300 flat upfront. A charge of almost 9k makes sense if you invested 8.3-8.7million.

Also add the custody charges for holding the Tbills for you

GonFreecss1:
What does this mean though? In a nutshell?

The Bonds and Money market is bullish.....expect lower stop rates in Tbills

Nigeria’s FX market is at its most liquid in 4yrs
…As foreign investors flood into bond market after Buhari victory…I & E window trades climb 120% to $4bn in one week

https://businessday.ng/exclusives/article/nigerias-fx-market-is-at-its-most-liquid-in-4yrs/

austinkenneth:
Any update about the Diamond and Access bank meetings?

Access-Diamond M&A:

-Diamond: 99.98% (or 15.1bn shares) voted in favour of merger. (0.02% voted to abstain while o% voted against merger)

-Access: 97.89% (or 14.3bn of a total of 14.6bn shares) voted for merger while 2.10% voted against the merger)

lancee:
Yeah , pls Oga Feelamong any info pls update up here regarding the Sukuk bonds

Been a while I saw you at the other side , we re waiting for you to come and cherry pick some stocks

Thanks

hahahaha..i spend far more time now trading cryptos looking for 10% daily there. Our NSE is too slow for one on the fast lane.

I got a mail from TRW stockbrokers saying they are now selling down on their sukuk bonds at 14.5% discount rates...

I think its a far better deal than what the Tbill has to offer now

kamsy4God:
Stanbic ibtc secondary market rates
59days = 8%
206 days= 11.9%
363days = 12.45%
I think I will wait for primary market.
What do you guys think. Thanks

these rates are not smiling anymore.....

Time to look at the those selling down on their sukuk bonds.....one might get as much as 14.5% there

zamirikpo:
My 364day application did not go thru, my account office called yesterday to apologize. I don't expect the secondary market to be any better with rates but I will see what they have on offer today. Rates maybe on a free fall.

I hear the stock market is also on a free fall, what could be the reason?

Stock market is falling while the Money market is bullish.

when rates are dropping (Price rising if you deal on bonds) in the Money markets, it means the market is bullish. However its bearish when rates are rising.

however in stock market, when prices are falling, its bearish; i think that is the best time to even look for some good stocks to buy if you can take the risk.

TotoNaRubber:
As much as there are testimonials about well doing investment houses, commercial banks are more backed up by the CBN.

I recently went in search of a company "Jos Breweries" i invested in back in the early 90s, the certificates i had said 55 broad street lagos but i searched through broad street for an hour and there was no sign of them anymore. I am only left certificates and not even the capital or interests.

Jos breweries used to listed on the stock market. I think you should be talking with your stock brokers and not the company. The stock brokers can reach their registrars for you..(If the coy is still listed on the stock exchange) help you to dematerialise the certs and then help you to sell it.

The amount of liquidity in the market is something else.

These politicians really brought out some big cash sha..

CBN OMO Auction was crazy today. over N1.2Tr chasing the N927B CBN had to offer.

One year closed at 14.3%

expect lower discount rates in the coming days....unless CBN starts sensing that FPIs that bring in dollars are no longer doing well again..

TREASURY BILLS AUCTION for 27/02/2019

91 days - 10.9%

182 days - 13.01%

364 days - 14.37%

Today's Auction was madt!!

massive funds in the market and all rates crashed wella..

One year rates looking at 14.37% (make i try confirm am first)

TREASURY BILLS AUCTION 13/02/2019

91 DAYS --- 10.97%

182 DAYS ----13.40%

364 DAYS -----14.95%

drotba:
Rates today @ Stanbic


14.2 for 337

Nice!!

while we are talking about Politics....Some FPIs sneaked into Naija and invested heavily in our Treasury Bills and Bonds last week.

I expect the yields to keep dropping as the elections approach and after elections.

The time to move in is NOW!

Gavrelino123:
Thanks dipoolowoo.....At least we are most certain of getting 15% for 364 days in the next primary markets auctions.....God bless our investments.

You are not certain of anything these days...

Yields in the Secondary markets are coming down...seem our foreign brothers are already shopping once again ahead of the Presidential elections..

kemshade:
GM, am still confuse about treasury bill, I went to stanbic bank last week to know about treasury bill, the lady told me to come back on the 15th, I went in the afternoon she said it has close that I should come on the 28th. my question is can't I invest in tb apart from the date cbn brings out the rate, someone pls explain to me in a simple form, thanks. am planning to invest 100k or 200k.

Go to another bank and ask for secondary markets rates

murphyrichy:
I wrote to my bank last week Thursday for me to invest in T-bills, uptill now my account hasn't been debited..fellow nairalanders wen is dis week bidding taking place?

If your bank is being non responsive..vote with your feet.

Move to another bank that is responsive.

Grupo:
Hmm, this is page 666.

Hmmmmmm!!

Let me not comment what I wanted to comment...

See you guys on the next page

MummyIMadeIt:
You trade crypto? If yes can u put me Through as I intend running it long side Tbills. Thanks

yes I trade cryptos...Tough bearish market now. Good time to learn too!

unite4real:
This was my reason for liquidating my mutual funds and investing all in the just concluded FGN SUKUK BOND at 15.74% for 7 years.

Excellent move!

very good for those who can go such long term!

Finally decided to go Long!

From all Indications, I do not see our rates going higher than the 15%...CBN seems battle ready to hold at that rate for now.

nevertheless I have also put some funds in Money Market Fund with present yield at 12.45%

maybe just maybe, we might see some more Oil shocks which may put pressure on CBN and Naira....Then we can move from Money market fund to Treasury Bills at higher rates than we see now.

Also have my eyes on Stocks/Cryptos......the bears there keep making me happy;

We shall all make Money this year!!

Gavrelino123:
Thanks..Happy new year Boss

Happy New year bro...

Gavrelino123:
17% plus...?
Kindly elucidate this.......Because 364 days indicates 14% plus @ CBN official website...!

Yield is different from discount rate

ahiboilandgas:
Naira loses value trading at 370 ...meaning we have loss 1 percent of our naira holdings in treasury bills..meaning if I changed 3600000 to 10 k dollar last week my money is now 9720 dollars loading 280 dollars (120 k naira ) loss ..so if I invested the 3.6 m at 91 day for 10.5 my interest will be around 93000 but I loss 120000 k due to foriegn exchange risk....understanding the investment ....we hope the crude oil price stabilize

Exactly why its important to hedge your Treasury Bills bet with Eurobonds investments!

as a policy, i always have about 40% of my Investments in Dollars (Eurobonds) The returns may be low but in times of devaluation, you will be surprised at how much you have gained in Naira.

ahiboilandgas:
oga what the striking time 15 or 16....for 365 day

I will lock in for one year when the one year yield is at least up to 17.5%

happy days are definitely in the offing

AUCTION RESULTS....28/11/2018

10.9000.

13.1000.

14.4500

jidobaba:
Gurus how does one go about investing in tomorrow's primary auction? I mean how to draft instructions to the bank asap.

Previously I've always directed my accounts officer to buy in the secondary market at the bank's rate. All this without leaving my house to the banking hall and I intend to stay in my house today.

You will need N50M to buy Tbills in the Primary market...

Secondary market na for us talakawas...and the secondary market can be arranged anytime, anyday and with any amount.