FINANCIAL MARKETS TODAY – 09 September 2024
FIXED INCOME MARKETS Money Market The Open Repo Rate (OPR) decreased by 67 bps to 30.58%, and the Overnight Rate (O/N) fell by 65 bps to 31.05%. Outlook: We expect interbank rates to hover at similar levels tomorrow. Treasury Bills The treasury bills…
FINANCIAL MARKETS WEEKLY – 06 SEPTEMBER 2024
FIXED INCOME MARKETS Money Markets System liquidity started the week positive but decreased during the week, following the OMO auction settlement worth ₦459.60 billion. As a result, the Open Repo Rate (OPR) increased from 18.11% to 31.25%, while the…
FINANCIAL MARKETS TODAY – 05 September 2024
FIXED INCOME MARKETS Money Market The Open Repo Rate (OPR) increased by 271 bps to 31.10%, and the Overnight Rate (O/N) rose by 242 bps to 31.60%. Outlook: We expect interbank rates to stay elevated tomorrow. Treasury Bills The treasury bills market…
FINANCIAL MARKETS TODAY – 04 September 2024
FIXED INCOME MARKETS Money Market The Open Repo Rate (OPR) increased by 542 bps to 28.39%, and the Overnight Rate (O/N) rose by 565 bps to 29.18%. Outlook: We expect interbank rates to remain elevated tomorrow, in the absence of any major flows. Treasury…
FINANCIAL MARKETS TODAY – 03 September 2024
FIXED INCOME MARKETS Money Market The Open Repo Rate (OPR) increased by 129 bps to 22.97%, and the Overnight Rate (O/N) rose by 123 bps to 23.53%. Outlook: We expect interbank rates to remain elevated tomorrow, in the absence of any major flows. Treasury…
Monthly Financial Market Update – August 2024
Global Macroeconomic Review United States: In July, consumer prices in the US increased at a slower pace for the fourth consecutive month. The Consumer Price Index rose to 2.90% year-on-year, down from 3.00% in June. Energy costs went up by 1.1%…
FINANCIAL MARKETS TODAY – 02 September 2024
FIXED INCOME MARKETS Money Market The Open Repo Rate (OPR) increased by 357 bps to 21.68%, and the Overnight Rate (O/N) rose by 224 bps to 22.30%. Outlook: We expect interbank rates to stay at similar levels tomorrow, pending any major flows. Treasury…
FINANCIAL MARKETS WEEKLY – 30 AUGUST 2024
FIXED INCOME MARKETS Money Markets Despite the two consecutive OMO auctions with a total auction debit of ₦1.63 trillion, system liquidity maintained a significantly positive balance. As a result, the Open Repo Rate (OPR) and the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 29 August 2024
FIXED INCOME MARKETS Money Market The Open Repo Rate (OPR) decreased by 287 bps to 19.86%, and the Overnight Rate (O/N) declined by 271 bps to 20.69%, due to improved liquidity. Outlook: We expect interbank rates to hover at similar levels tomorrow.…
FINANCIAL MARKETS TODAY – 28 August 2024
FIXED INCOME MARKETS Money Market The Open Repo Rate (OPR) decreased by 477 bps to 22.73%, and the Overnight Rate (O/N) declined by 295 bps to 23.45% due to tight system liquidity. Outlook: We expect interbank rates to increase tomorrow. Treasury Bills…
