emmanuelewumi:



There is difference between quality, risk and return.


Treasury Bill has the highest quality in terms of money market financial instruments

freeman67:



Yes, you can't place your own bid with any amount below 50M but you can go with the bank's bid. The 11% they gave you from their secondary may have been gotten less than the 14.74%. This is because lots of them bidded lower because they weren't expecting the spike in rate from the 9.49% to the 14.74% and may not want to loose out.

That said, I am sure many of them will bid in that 14.74% region or even higher for the next auction. So you will have to go with the banks bid if you still desire to invest in it.

MeezPat:
Regardless of what you bid for,the stop rate decided is what every one gets if your bids fall within that range.The bank sells to you at secondary market and makes a spread

RayRay06677:
https://fbnquest.com/your-ultimate-guide-to-treasury-bills-trading-in-nigeria. Everyone who wins at auctions receive same rate.


I think you ain't right.

JAMB cut off point applies here.

Stop rate is the cut off point but it spell the maximum rate so all below that rate is accepted and all above fails.

Your bank might bid 9% when stop rate is 15%, you will get your 9% and another gets 14% if that was his bid.

Experts in the house, throw more light, thanks

RayRay06677:


I think you ain't right.

JAMB cut off point applies here.

Stop rate is the cut off point but it spell the maximum rate so all below that rate is accepted and all above fails.

Your bank might bid 9% when stop rate is 15%, you will get your 9% and another gets 14% if that was his bid.

Experts in the house, throw more light, thanks

ahiboilandgas:
it a bid an auction you got what your bided for ! Look at the bid range from 8 to 14.5 most cheap funds from pension tend to bid low ! Next time you can place your bids if your funds is above 50m if not your have to study the trends. Once their is inflow from faac ,capital budgets or bond repayment the system will be liquid and rate will be low .If non rate will be high .

zamirikpo:
Hey guys pls when is the next auctions. 11th or 18th.

zamirikpo:
Hey guys pls when is the next auctions. 11th or 18th.

skydiver01:
I believe its the 11th as shown in the CBN Tbills schedule below.

freeman67:


Its 13/04/23 that is showing there in that calender so any bid should at least be done on Tuesday 11/4/23 because monday is public holiday .

freeman67:
Abeg Who get the result of this week's auction? Stanbic is already telling customers that they didn't succeed and are willing to only give customers 364 from their secondary market @ 11.5%. The list CP I have done for this period is above 15% why then will I just go with their Secondary Market when I can move to Other bank or invest in CP.

MeezPat:
Where you dey see this CPs buy

freeman67:


Through Afrivest and Coronation Merchant Bank.

MeezPat:
Is there a thread for cps on nairaland

just2endowed:
rate is a bit ok though

cutedharmee:
I'm not seeing the rate on that list. What's d rate for 365days presently

freeman67:


Only if your bank accepts that they succeeded in their bid.

zamirikpo:
Guys how far with stanbic.......was it successful

Grupo:


Open account with stanbic Bank and move your money there.

freeman67:


Only if your bank accepts that they succeeded in their bid.

amordi:
Firstbank was not successful. All these banks self

ahiboilandgas:
Rate will futher drop ! Kindly lock in now! The CBN wants to wipe out funds in dormant accounts and invest same in treasury bills and bonds . with this move the cbn can offer any rate and automatically placed those funds perpetually there since must dormant accounts are held by dead persons . Imagine the number of person killed yearly in Nigeria with small small sum in their accounts without any body coming to ask . In a fair game the CBN SHOULD MANDATE BANK TO CONTACT NEXT OF KIN OR OPEN A DESK OFFICE TO FIND THE NEXT OF KIN.

ahiboilandgas:
Rate will futher drop ! Kindly lock in now! The CBN wants to wipe out funds in dormant accounts and invest same in treasury bills and bonds . with this move the cbn can offer any rate and automatically placed those funds perpetually there since must dormant accounts are held by dead persons . Imagine the number of person killed yearly in Nigeria with small small sum in their accounts without any body coming to ask . In a fair game the CBN SHOULD MANDATE BANK TO CONTACT NEXT OF KIN OR OPEN A DESK OFFICE TO FIND THE NEXT OF KIN.