I bidded thru FBN too for the last T-Bill and my money was re-funded I guess the bid was not successful. Anyone who used FBN and his/her was successful ?

I bidded through first bank and it was successful. from my calculation 360 days was at 12.15%. I knew it will be around this range cos the rate was low when it was announced on tele.

clino:
I bidded thru FBN too for the last T-Bill and my money was re-funded I guess the bid was not successful. Anyone who used FBN and his/her was successful ?

udysweet:

Pls any idea of wen next it will be?thanks!

22-10-2015

Hello House
Does anybody know the stop rate for yesterdays auction for 91 days ?

Thanks in advance

DMerciful:
I bidded through first bank and it was successful. from my calculation 360 days was at 12.15%. I knew it will be around this range cos the rate was low when it was announced on tele.

I was successful too. I got arnd 12% for 364 days

GTBANK also gave 12% for 182 days tenor

How Much go be my interest if i invest 750@12percent on T.b for 6months.

Does anyone know the rate for 91 days, because i only got 2.4% from GTBank

i think this is what Gtbank gave out 2.4% for 91 days tenor 6% for 182days 12% for 365days

@issacology in your last post, you said gtbank gate 12% for 182 days, but now you've said they gave 6% for 182 days, can you confirm which it is ?

I think cbn stop rate is not yet out.

clino:
I bidded thru FBN too for the last T-Bill and my money was re-funded I guess the bid was not successful. Anyone who used FBN and his/her was successful ?

Same happened to me, I wonder why. I bidded for 91 days.
What is the duration of your bid?

jonathansui:
@issacology in your last post, you said gtbank gate 12% for 182 days, but now you've said they gave 6% for 182 days, can you confirm which it is ?

sorry, it was a mistake on my part .6% for 182 days tenor.

1money:

Same happened to me, I wonder why. I bidded for 91 days.
What is the duration of your bid?

91days..... The bank was saying they were having prob with bidding for 182days tenure.

hello everyone pls how much is 750k at d rate of 12percent for 6months??

DMerciful:
I bidded through first bank and it was successful. from my calculation 360 days was at 12.15%. I knew it will be around this range cos the rate was low when it was announced on tele.

Can you please educate me on treasury bill, or can we talk outside dis forum like chat or call.

I am getting alot of distorted information. First of all i go to my bank ecobank and ask dem to help me with treasury bills 5m for 91days and d guy begins to say the best he can do his 9percent,he isnt sure dey hv 91days. Am like wth! but i hv a fixed deposit running at 8.5percent. I suspect he must be trading in d secondary market.

What do i need to do to directly trade with cbn ?

I understand cbn only trades twice is a month and d next one is 20th of this month.

Can you guide me on hw tou went abt tour bidding?

What rate did you use?

Was yours primary or secondary market?


Cos many of this bank are thieves and all dey want is to milk one dry.

Who is d best person to speak to cos d marketer i spoke to did nt seem educated enough on the subject.

udysweet:
Dis is wat I jus got frm 1st bank:mount:

N***,000.00 CR

Transaction Narrative:

Failed NTB ref 790151000153

Transaction Date:

08-Oct-15 14:02 PM
I filled d TB form d day before yday at adeola hopewell branch. Did anyone experience same thing? Dunno why dey returend my money afta debiting me.

What rate did you use and hw long

jonathansui:
Does anyone know the rate for 91 days, because i only got 2.4% from GTBank

2.4 ke

Moses247:
How Much go be my interest if i invest 750@12percent on T.b for 6months.

45k.

I use first bank for treasury bills and i opened account with first bank because of this. They have a form you fill and you indicate the tenure but the bid rate is usually the bank's bid rate so you have to go with them however they are usually honest! 91days tenure is usually btw 9.5% while 180 and 365 days are higher

keyman0007:


Can you please educate me on treasury bill, or can we talk outside dis forum like chat or call.

I am getting alot of distorted information. First of all i go to my bank ecobank and ask dem to help me with treasury bills 5m for 91days and d guy begins to say the best he can do his 9percent,he isnt sure dey hv 91days. Am like wth! but i hv a fixed deposit running at 8.5percent. I suspect he must be trading in d secondary market.

What do i need to do to directly trade with cbn ?

I understand cbn only trades twice is a month and d next one is 20th of this month.

Can you guide me on hw tou went abt tour bidding?

What rate did you use?

Was yours primary or secondary market?


Cos many of this bank are thieves and all dey want is to milk one dry.

Who is d best person to speak to cos d marketer i spoke to did nt seem educated enough on the subject.

clino:

91days..... The bank was saying they were having prob with bidding for 182days tenure.

Ok o.
It means FBN bid for 91 days failed cause I went along with the bank rate.
Guess we have to wait for the next bid in 2 weeks time.

Crash yield, this time Around. 91 days=10, 182 days=12.20 and 364 days=12.50

Hello gurus in the house.
Please I will kindly to know if there is any difference between Money Market Fund & Treasury Bill. I have a mutual funds account with FBN CAPITAL & I have been thinking for weeks now weather to switch to shares trading or heritage fund or mortgage investment or online binary trade as well.
Please your advice is highly appreciated...
Thanks.
Cc Seun

ganilat4:
Crash yield, this time Around. 91 days=10, 182 days=12.20 and 364 days=12.50

The yields are fast crashing as expected....

would be watching the secondary market for the next few days to see if there will be any better deals there...

anything below 13% is a no deal for me

feelamong:


The yields are fast crashing as expected....

would be watching the secondary market for the next few days to see if there will be any better deals there...

anything below 13% is a no deal for me

Na so

I know of an investment house that has an investment vehicle paying 14%pa tax free. But you'll get your interest at the year end not before. Also, you cannot retrieve the cash at any time. I don't work for them but I invest with them. Is it okay to put up their name or is that some form of advertising?
Cc Seun

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feelamong:


The yields are fast crashing as expected....

would be watching the secondary market for the next few days to see if there will be any better deals there...

anything below 13% is a no deal for me

[color=#990000]

feelamong:


The yields are fast crashing as expected....

would be watching the secondary market for the next few days to see if there will be any better deals there...

anything below 13% is a no deal for me

feelamong:


The yields are fast crashing as expected....

would be watching the secondary market for the next few days to see if there will be any better deals there...

anything below 13% is a no deal for me

please kindly clerify to me why you said THE YIELDS ARE CRASHING AS EXPECTED.....ALSO WHEN WILL THE YIELD START TO GO UP?

THANKS

feelamong:


The yields are fast crashing as expected....

would be watching the secondary market for the next few days to see if there will be any better deals there...

anything below 13% is a no deal for me

pls can you enlighten me on how to go or buy from the secondary market?

AleAirHub:
Hello gurus in the house.
Please I will kindly to know if there is any difference between Money Market Fund & Treasury Bill. I have a mutual funds account with FBN CAPITAL & I have been thinking for weeks now weather to switch to shares trading or heritage fund or mortgage investment or online binary trade as well.
Please your advice is highly appreciated...
Thanks.
Cc Seun

pls how do the mutual fund work?

Daddi:
pls how do the mutual fund work?

The interest may be slightly less than that of TBills for similar period; Your interests accrue daily but not paid upfront; you can invest as low as 5k; you can redeem your investments after 30 days without any penalty.

The above applies mainly to the Money market funds. There may be slight variations with other MF types.