FINANCIAL MARKETS TODAY – 27 May 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity returned to its negative territory at -₦46.00 billion from ₦170.43 billion reported last week Friday, following the settlement of the OMO auction. Nevertheless, the Open Repo Rate (OPR)…
FINANCIAL MARKETS TODAY – 23 May 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity worsened to -₦787.46 billion from -₦760.63 billion reported yesterday. Thus, the Open Repo Rate (OPR) increased by 178 bps to 31.72% while the Overnight Rate (O/N) increased by 168 bps to…
FINANCIAL MARKETS TODAY – 22 May 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity relatively improved today to -₦760.63 billion from -₦945.95 billion reported yesterday. As a result, the Open Repo Rate (OPR) contracted by 152 bps to 29.94% while the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 21 May 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity decreased to -₦945.95 billion from -₦863.04 billion yesterday, pushing the Open Repo Rate (OPR) up by 121 bps to 31.46% and causing the Overnight Rate (O/N) to increase by 99 bps to 32.07%.…
FINANCIAL MARKETS TODAY – 20 May 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity is estimated to have opened in a deficit of -₦622.46 billion. Consequently, the Open Repo Rate (OPR) increased by 29bps to 30.25%, while the Overnight Rate (O/N) rose by 40 bps to 31.08%. Outlook: We…
FINANCIAL MARKETS TODAY – 16 May 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity opened negative, despite showing an improvement from yesterday’s balance. It increased from -₦560.07 billion to -₦427.15 billion. Consequently, the Open Repo Rate (OPR) declined by 102bps to 29.86%,…
FINANCIAL MARKETS TODAY – 15 May 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity plunged lower today from -₦323.25 billion yesterday to -₦560.07 billion today. Consequently, the Open Repo Rate (OPR) increased by 119bps to 30.88%, while the Overnight Rate (O/N) increased by…
FINANCIAL MARKETS TODAY – 14 May 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity declined further today, from -₦298.28 billion reported yesterday to -₦323.25 billion today. Consequently, the Open Repo Rate (OPR) increased by 83bps to 29.69%, while the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 13 May 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity opened short today, at -₦298.28 billion from ₦81.10 billion surplus reported last week Friday. Consequently, the Open Repo Rate (OPR) increased by 86bps to 28.86%, while the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY – 09 May 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity improved to ₦294.27 billion from -₦46.40 billion reported yesterday. Consequently, the Open Repo Rate (OPR) declined by 74bps to 28.22%, while the Overnight Rate (O/N) fell by 74 bps to 28.97%. …
