₦airaland Forum

For those interested in Treasury Bill

emmanuelewumi:
For those interested in Treasury Bill

Can't believe people are still buying 365 days Treasury Bill at 5%.

Afrinvest packaged a commercial paper for a major player in commodity trading at 16% per annum

emmanuelewumi:
Can't believe people are still buying 365 days Treasury Bill at 5%.

Afrinvest packaged a commercial paper for a major player in commodity trading at 16% per annum

Oga Emma Pls I Need to buy fgn bond since am unable to partake in the last sukuk. Kindly assist me with the info on fgn bond. Am scared of this commercial paper oo as most of them are unsecured bond.

Akerewe:
Oga Emma Pls I Need to buy fgn bond since am unable to partake in the last sukuk. Kindly assist me with the info on fgn bond. Am scared of this commercial paper oo as most of them are unsecured bond.

These are the secondary market rates for today

Pls oo Oga Emma nd other guru in the house, I got the below offer from stanbic bank now now. Help me look into it nd suggest the best nd most profitable one among the 2.

Oh! What was sent to me was fgn savings bond nd not fgn bond.

emmanuelewumi:
These are the secondary market rates for today

Thanks for the swift response Oga Emma am forwarding this to them now

Akerewe:
Thanks for the swift response Oga Emma am forwarding this to them now

This is from the bank, the Stockbroker might not have it

Akerewe:
Pls oo Oga Emma nd other guru in the house, I got the below offer from stanbic bank now now. Help me look into it nd suggest the best nd most profitable one among the 2.

Oh! What was sent to me was fgn savings bond nd not fgn bond.

What is the coupon for 2028 bond

emmanuelewumi:
What is the coupon for 2028 bond

From the table I shared the coupon is 13.8%.
At N118 you will have a yield of about 11.7%

emmanuelewumi:
From the table I shared the coupon is 13.8%.
At N118 you will have a yield of about 11.7%

am choosing 2037 nd wat will d yield look like

emmanuelewumi:
This is from the bank, the Stockbroker might not have it

I don't understand this how come? R d stockbroker not sub department of the bank?

Akerewe:
I don't understand this how come? R d stockbroker not sub department of the bank?

You can buy from the bank or from the Stockbroker.

Akerewe:
am choosing 2037 nd wat will d yield look like

About 13%, provided it is available

emmanuelewumi:
You can buy from the bank or from the Stockbroker.

the stanbicstockbroaker sent me fgn savings bond instead of FGN BOND.
I know but am just curious base on what u said that the the rates u sent is from the bank and the brokers might not know.

emmanuelewumi:
About 13%, provided it is available

av sent them mail for confirmation to know the availability

emmanuelewumi:
About 13%, provided it is available

thanks alot Oga Emma for your swift response

Akerewe:
av sent them mail for confirmation to know the availability

What you got from the mail is what is available with the Stockbroker.

What I shared is what is available with the bank

emmanuelewumi:
What you got from the mail is what is available with the Stockbroker.

What I shared is what is available with the bank

how can i buy from the bank then since they av what i want in stock?

Akerewe:
how can i buy from the bank then since they av what i want in stock?

Send a mail to your relationship manager.

emmanuelewumi:
Send a mail to your relationship manager.

Mail sent already waiting for feedback! Thanks chief

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I think most of the Tbill purchases are from people, companies, financial institutions or MDAs that have approved (currently idle but committed) funds for capital expenditures and payment to vendors over the next 12 months. So, technically their hands are tied. Thus, even if TBills rates fall to 1% they have to buy TBills (or fix the funds in comparative fixed deposit accounts) to generate some income from the idles funds. Conversely, even if multi-year FGN bond yields hit 25%, they are also unable to buy these bonds with the idle funds because of potential loses if sold before maturity as well as large transaction costs from the spreads on the secondary markets. This situation is one I have seen so many times over the last 2 decades. Someone here recently said that we can't know it all. That is why, whilst it is always a good idea to ask questions, it is equally important to keep an open mind to answers received or suggestions provided.

I mentioned last year that it would be wonderful if the use of insulting languages and words are avoided with the exception of sarcasm and jokes (laughter is good for the soul), so we can continue to learn from everyone's contribution. It is equally important not to make false accusations of anyone you have not met. When falsely accused, some people will turn the other cheek (which I recommend) whilst others will not which is equally their right. I think the events/posts of the last few days demonstrates this.

Life is indeed a lifelong learning journey and I do hope we can continue to learn from everyone's contribution.

emmanuelewumi:
Can't believe people are still buying 365 days Treasury Bill at 5%.

Afrinvest packaged a commercial paper for a major player in commodity trading at 16% per annum

An apt caption.

skydiver01:
I think most of the Tbill purchases are from people, companies, financial institutions or MDAs that have approved (currently idle but committed) funds for capital expenditures and payment to vendors over the next 12 months. So, technically their hands are tied. Thus, even if TBills rates fall to 1% they have to buy TBills (or fix the funds in comparative fixed deposit accounts) to generate some income from the idles funds. Conversely, even if multi-year FGN bond yields hit 25%, they are also unable to buy these bonds with the idle funds because of potential loses if sold before maturity as well as large transaction costs from the spreads on the secondary markets. This situation is one I have seen so many times over the last 2 decades.

Someone recently said that we can't know it all. That is why, whilst it is always a good idea to ask questions, it is equally important to keep an open mind to answers received or suggestions provided.

Life is indeed a lifelong learning journey and I do hope we can continue to learn from everyone's contribution.

Great points you have raised here. The bolded is very accurate. You cannot learn and grow without an open mind!

Tranquility2345:
Great points you have raised here. The bolded is very accurate. You cannot learn and grow without an open mind!

lol,who is really behind this moniker.why withdraw the initial statement.Nobody knows it all only that some are more informed than others. You can't be marriage expert when you have never been married .And personally I value advice more from people who have had personal experience eg the guy who talked about grains business because all he said was right as i am into it too.
I am equally keeping open mind on this moniker. I am hoping is not old wine in a new bottle

Tayop145:
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Any MT4 or MT5 broker is acceptable

Trading would be done with proper risk management.

Delivering at least 1000 - 1200 green pips in a month

Signals accuracy would be 80 - 90 %

Per trade risk would be a maximum of 2 % of capital.

Risk and reward ratio would always between 1:1.5 - 1: 1.2.

You will have 100% control of your account and can opt out at any time.

Minimum returns would be 30 - 40 % on your equity every month and can extend up to 70 - 80% even

We would be working with a technique of capital maximization on your account, which is compounding the lot
size with the growth of the account to make high returns.

Telegram- @forexprofitmgr

a huge loan from the bank should help you. No need to advertise this juicy investment. Just get a huge loan and invest it and enjoy the future premium tears

Good afternoon house in general, Oga Emma nd other gurus in the house i just l got this just now from my stockbroking firm as available in the secondary market, kindly help me look into this nd suggest the best among the 2.

Thanks in anticipation

Akerewe:
Good afternoon house in general, Oga Emma nd other gurus in the house i just l got this just now from my stockbroking firm as available in the secondary market, kindly help me look into this nd suggest the best among the 2.

Thanks in anticipation

Get the coupon for the bonds, so that you can calculate the yield

emmanuelewumi:
Get the coupon for the bonds, so that you can calculate the yield

Seems they are playing games because I called them now and a guy picked it nd claiming the yield is not available and I ask him if it is possible to buy something I don't know the tru yield nd he affirm that its not possible. Av sent them mail Sha nd hope they replied on time before the close of the market today

emmanuelewumi:
Get the coupon for the bonds, so that you can calculate the yield

Below is their response as regards the coupon rate

Akerewe:
Below is their response as regards the coupon rate

the information provided is not sufficient to do your calculations

SUKUK2 Rental/coupon payment should land today