₦airaland Forum

Partnerbiz:
1 to 300 indeed.
How many did u read?

Believe me or not, I read from page 0 to 357 and till date, there's no thread that I have not read.

It's not a quarrel. The choice is yours and you are at liberty to read only 1page or nothing and continue to ask questions that have been answered severally. . What I wrote that appears to be offensive to you is my opinion and you have also seen others. So make your decision.

How can one venture into trading of bonds and treasury bills?

Any deduction if bid is unsuccessful?
Abeg make una answer me,biko before I go for this primary market today.
Thank you

no deduction. but I doubt you can still submit for today's bid

Thank you.
Why?

luluz4u:
no deduction. but I doubt you can still submit for today's bid

judlice84:
Thank you.
Why?

[/b]

the application shld have been submitted b4 5pm yesterday. but you can still ask your acct officer tho.

Central Bank Auctions N133.8b T-Bills Today
https://www.businesspost.ng/2017/10/18/central-bank-auctions-n133-8b-t-bills-today/

Very interesting thread.
Let me weigh my options

I'm glad I stumbled on this page. Please what is the difference between primary and secondary market for Tbills?

MssRose:
Available rates at Stanbic's secondary market are:
87 days--- 15.5%
171 days ___ 15.70%
262 days____ 16%
expected stop rate for next bid at the primary market:
91 days----- 13.25%
182days----15.4%
364days---- 15.725%

Hi all, first time terminating a tb beforehand. 91 days purchased at 13.25% October 5th. I am being told that the Tbill would be bought back at a whooping 18.5/19%(asked twice). Does anyone know the basic formula or pattern? Thanks!!

Guys, you can always complain to the CBN if you suspect there is something fishy going on within your bank. Here's a step by step guide to making a complaint that I found on the CBN website.

I think you will find it helpful.

Just so you know, the CBN comes down hard on banks that try to shortchange their customers.

elog:
I have been facing this problem too in benin, I've only been able to buy from primary market. I suggest you check out first bank office in ring road.

NTB results


91-day ( 13.1%)

182-day (15.3%)

364-day (15.59%)

Results from today's Primary Market Auction


yeilds continue to drop...

http://www.easykobo.com/News.aspx?id=19814

feelamong:
NTB results


91-day ( 13.1%)

182-day (15.3%)

364-day (15.59%)

Wow I bided 13.15% for 91 days,can my bid stil go thru?

michael03:
Wow I bided 13.15% for 91 days,can my bid stil go thru?

Nope! trade won't settle, 91-Day stop rate is 13.10%.

No alert from my side yet. Is this normal for primary?

michael03:
Wow I bided 13.15% for 91 days,can my bid stil go thru?

Sorry bro.. You lost out!

hello my people... am I silent reader.
I ve decided to go to my bank tomorrow to start TB. what n what should I take along and hope they will not cheat or play on my intelligent cos I don't know much about dis.
plz can someone put me thru.

Did secondary market at the rate of 15.5% for 169 days

godello:
No alert from my side yet. Is this normal for primary?

PMA settlement is T+1, OMO auction is T+1 and Secondary market is T+0.

Provided you won the bid, you'll get the alert tomorrow (settlement day).

jinwas:
PMA settlement is T+1 and OMO auction is T+0.

Provided you won the bid, you'll get the alert tomorrow (settlement day).

Pls ds OMO something, how does it works?

Lanrey1:
hello my people... am I silent reader.
I ve decided to go to my bank tomorrow to start TB. what n what should I take along and hope they will not cheat or play on my intelligent cos I don't know much about dis.
plz can someone put me thru.

All d explanations u nid ar on this thread for u to understand fully,just take ur tym to go thru from beginning,u don't even nid to read evrytin befor u can understand fully. Mind u u nid to b fully informed so as not to b confused or cheated wen u get to bank

Kemade2007:
Pls ds OMO something, how does it works?

T-Bills and OMO (Open Market Operation) are similar and work almost the same way. Whilst T-Bills are issued to finance government budget deficit, OMOs are issued by the CBN for monetary policy management (to control excess liquidity).

OMOs actually doesn't have a calendar or schedule, they're issued mostly at irregular times to control money supply.


PS: Get close to your bankers(Treasury unit), finance and discount houses. CBN has been very consistent with OMO auctions for months now and it has some attractive rates within 16-17% range too (higher than PMA).

Please, how can someone key into this OMO thing ?

abimbola01:
Please, how can someone key into this OMO thing ?

Do you have a deep pocket? N100 million upward

emmanuelewumi:
Do you have a deep pocket? N100 million upward

Thanks.

abimbola01:
Please, how can someone key into this OMO thing ?

emmanuelewumi:
Do you have a deep pocket? N100 million upward

I thought its just a question of buying Omo detergent

Who else went for 364 with first bank. I got 14.97. Why are their rates always slightly lower than actual rates.?

.

jinwas:
Nope! trade won't settle, 91-Day stop rate is 13.10%.

91 and 182 days under subscribed while 364 was over subscribed. Many people still trying to lock-in for the long term.

NL1960:
91 and 182 days under subscribed while 364 was over subscribed. Many people still trying to lock-in for the long term.

Yes. I see Fund and Portfolio Managers at work.

Rate continues to drop too, albeit marginally this time across all tenors.

From(attached) during the previous PMA.

Hello gurus in the house,
First bank gave me 182days @ 15.1

Hope am on track?