₦airaland Forum

feelamong:
March 2nd 2016 Auction Stop Rates..

91 days - 5.186%

182 days - 7.57%

364 days - 9.0%

Rates hinging up again??

thank God the rate is coming up.

clino:
I go with the bank rate. FBN does not allow u to determine ur own stop rate. Their worker I spoke with says I not the only one it happens to but all the people that bidded for 6 months tenure. So I want to know if it's a prob with the bank or with FG... Before I carry my money go another bank for TB as I actually enjoy using FBN

It is an auction, and in auctions your bid can fail if the rate you offer is higher than the stop rate.

Wow. Thank you. I think i want the 365 days option.

jeebz:
What tenor(period) are you looking at?. We have 91 days, 182 days and 364 days. The rates quoted by Sir Feelamong at 9:34 am are per annum I.e per year. As an example, 200k for 182 days at 7.57% is calculated as 0.0757*200000*182/365. Banks have a charge and there is custody fee and transaction fee. Over to you Sir Feelamong.

Bookiemart01:
Wow. Thank you. I think i want the 365 days option.

Next auction should be on 16-03-2016. Visit your bank before 14th to do the needful.

clino:
I go with the bank rate. FBN does not allow u to determine ur own stop rate. Their worker I spoke with says I not the only one it happens to but all the people that bidded for 6 months tenure. So I want to know if it's a prob with the bank or with FG... Before I carry my money go another bank for TB as I actually enjoy using FBN

I have been using fidelity since i started investing in tbills and they have never disappointed me for once,as long as the rate you chose is lower or equal to the stop rate. All these stories I see here are strange to me.

The one year bid failed but to my greatest surprise they didn't return my money in full. called the account officer but she seems not to know what went wrong. Am thinking this problem is peculiar to FBN alone because she confirmed that all 182 and 365 days through first bank didn't pull through. I might be trying another bank for the next auction. But still need to resolve the 200k deduction issue first.

OK. This is coming from someone that is not a guru in anyway.
I am now seriously considering putting a bit of money in T-bills.
To me it looks like the 91 day option is the best.

At 5.1% quarterly, if i roll over everything for 4 quarters (assuming everything remains equal), that translates to about 22% for the complete 365 day (i.e 5.1 compounded over 4 terms of 91 day tenures). But I still have this feeling that i am missing something.

Except if these rates are PA rates

So, gurus pls shed more light as i am about to pull the trigger.

gists:
OK. This is coming from someone that is not a guru in anyway.
I am now seriously considering putting a bit of money in T-bills.
To me it looks like the 91 day option is the best.

At 5.1% quarterly, if i roll over everything for 4 quarters (assuming everything remains equal), that translates to about 22% for the complete 365 day (i.e 5.1 compounded over 4 terms of 91 day tenures). But I still have this feeling that i am missing something.

Except if these rates are PA rates

So, gurus pls shed more light as i am about to pull the trigger.

Rates are PA.
So you actually get 5.1% / 4, for the 91 days tenor.

Desanta:
Rates are PA.
So you actually get 5.1% / 4, for the 91 days tenor.

Yeah, i tot as much.
Thanks

Good evening people.
I have a situation. I completed the Tbills form at First Bank HQ in Ilorin today and made it clear that I was bidding for the Primary market of 16th. My account was however debited today.
Please pros, do I have any reason to worry?

Etfash:
Good evening people.
I have a situation. I completed the Tbills form at First Bank HQ in Ilorin today and made it clear that I was bidding for the Primary market of 16th. My account was however debited today.
Please pros, do I have any reason to worry?

not at all. It's normal way of debiting for tbills in nigerian banks

Etfash:
Good evening people.
I have a situation. I completed the Tbills form at First Bank HQ in Ilorin today and made it clear that I was bidding for the Primary market of 16th. My account was however debited today.
Please pros, do I have any reason to worry?

All requests made till Monday will be debited in lieu of the auction on Wednesday.

Etfash:
Good evening people.
I have a situation. I completed the Tbills form at First Bank HQ in Ilorin today and made it clear that I was bidding for the Primary market of 16th. My account was however debited today.
Please pros, do I have any reason to worry?

No cause for alarm. It's their normal procedure.

Goodmorning house . Does anyone use GTB for TBills transaction and how is the experience with them like as regards do reliability, charges and do I have to go with the bank stop rate or I choose my own rates. I presently use FBN

Pls house wen is d next FGB auction.

Wish I had an account in Ghana. Tbills rate is about 21%!!! Some businesses cant give you 20% roi in the first year.

1wolex85:
Wish I had an account in Ghana. Tbills rate is about 21%!!! Some businesses cant give you 20% roi in the first year.

It doesnt follow that way. Imagine getting 80% in Zimbabwe.By the time you bring the money to Naija, you now know the deal no make sense. In the United States treasury bills rate sometimes 0.5% and less. Does that mean Ghana is better? Imagine as of today, inflation in Nigeria is double digit of over 11% and doing a treasury bill below that is a loss to me but at all at all na im bad so we still get the little rates. This issue had been over flogged sometimes on this thread i guess.

unite4real:
It doesnt follow that way. Imagine getting 80% in Zimbabwe.By the time you bring the money to Naija, you now know the deal no make sense. In the United States treasury bills rate sometimes 0.5% and less. Does that mean Ghana is better? Imagine as of today, inflation in Nigeria is double digit of over 11% and doing a treasury bill below that is a loss to me but at all at all na im bad so we still get the little rates. This issue had been over flogged sometimes on this thread i guess.

I dont understand you o! the cedi to naira exchange rate has been relatively stable over the last two years hovering between 50-55 naira to a cedi and besides we are dealing with percentages so what are you talking about?
Say I convert my 1mill to cedis at 50 naira per cedi, that is 20,000 cedis, treasury bills of one year at 20%, what I have is 24,000 cedis convert to naira at 50 naira , that is 1.2mill.
I take the same 1 mill and invest in naija tbills at 10% for one year, I get 1.1mill, so which one is more? We are dealing with percentages, the only thing that can affect it is exchange rate fluctuation.
And if US tbills rate is 0.5% and Ghana is 20%, Yes! Ghana is better as long as the dollar to cedi exchange rate remains relatively stable over the period of your investment.

..pls house when is the next tbills

IkennaBasilJR:
CHECK MY SIGNATURE AND BE FINANCIALLY STABLE!!

Hungry man get behind us!

Good work bro Please how do I invest into T-bill Ftbenconcept@gmail.com 08035022501

March 16th Auction Stop rates

91 days -------5.74%

182 days------7.95%

364 days-------9.15%


Rates still hinging up! Thank God for the last Inflation figures released...but funnily the Bond Yields at the last Auction yesterday dropped...

Tosineb:
Good work bro
Please how do I invest into T-bill
Ftbenconcept@gmail.com
08035022501

Just go to your bankers and tell them that you want to invest in Tbills

feelamong:
March 16th Auction Stop rates

91 days -------5.74%

182 days------7.95%

364 days-------9.15%


Rates still hinging up! Thank God for the last Inflation figures released...but funnily the Bond Yields at the last Auction yesterday dropped...

what determines the rates going up or down I have been trying to analyze it

I got 9% for 364 from FBN

Royal155:
I got 9% for 364 from FBN

pls who know what determine rates going up or down

Alikote:
pls who know what determine rates going up or down

1) Inflation
2)
3)
4)
5)

@ feelamong Kindly Advice any other special way to secure or monitor my bonds which i bought last month, Is it possible someone withdraw/sale or change account number on my bonds... Just curious as this stuffs happens in the stocks too.

IHelp:
1) Inflation
2)
3)
4)
5)

There is an article on www.mutual funds nigeria (.) com that talks about factors that affect rates. http://www..com/index.php?controller=pjLoad&action=pjActionView&id=62

If the link to the article does not open, go to the site and filter the blogs by selecting treasury bills and you will see the blog "why rates move up and down "

feelamong:
March 16th Auction Stop rates

91 days -------5.74%

182 days------7.95%

364 days-------9.15%


Rates still hinging up! Thank God for the last Inflation figures released...but funnily the Bond Yields at the last Auction yesterday dropped...

It's gradually going up