FINANCIAL MARKETS TODAY –16 October 2023
FIXED INCOME MARKETS Money Market System liquidity opened at ₦617.61 billion from ₦448.75 billion last Friday. Consequently, the Open Repo Rate (OPR) and the Overnight Rate (O/N) declined by 6bps and 17bps to 0.94% and 1.50%, respectively. Outlook: We…
FINANCIAL MARKETS TODAY –12 October 2023
FIXED INCOME MARKETS Money Market The financial system maintained its buoyant status today, as system liquidity opened at ₦480.69 billion from ₦459.34 billion yesterday. Thus, the Open Repo Rate (OPR) and the Overnight Rate (O/N) declined by 7bps and…
FINANCIAL MARKETS TODAY –11 October 2023
FIXED INCOME MARKETS Money Market System liquidity opened at ₦459.34 billion from ₦496.63 billion yesterday. Thus, the Open Repo Rate (OPR) and the Overnight Rate (O/N) appreciated by 7bps and 9bps to 1.00% and 1.67%, respectively. Outlook: We expect the…
FINANCIAL MARKETS TODAY –10 October 2023
FIXED INCOME MARKETS Money Market System liquidity opened at ₦496.63 billion from ₦510.09 billion yesterday. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) declined by 7bps and 12bps to 0.93% and 1.58%, respectively. Outlook: We…
FINANCIAL MARKETS TODAY –09 October 2023
FIXED INCOME MARKETS Money Market Opening system liquidity declined by 4.28% to ₦510.09 billion from ₦532.89 billion last Friday. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) remained unchanged at 1.00% and 1.70%, respectively.…
FINANCIAL MARKETS TODAY –05 October 2023
FIXED INCOME MARKETS Money Market Following some statutory CRR deductions, the opening system liquidity declined by 55.62% to ₦572.69 billion from ₦1.29 trillion yesterday. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) fell by 110bps…
FINANCIAL MARKETS TODAY –04 October 2023
FIXED INCOME MARKETS Money Market Opening system liquidity ballooned to ₦1.29 trillion today, up by 56.78% from ₦823.07 billion yesterday. However, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 130bps and 155bps to 2.30% and 3.00%,…
FINANCIAL MARKETS TODAY –03 October 2023
FIXED INCOME MARKETS Money Market Opening system liquidity significantly increased today from ₦405.20 billion last week Friday to ₦823.07 billion today. Unsurprisingly, the Open Repo Rate (OPR) and the Overnight Rate (O/N) contracted by 170bps and 195bps…
FINANCIAL MARKETS TODAY –26 September 2023
FIXED INCOME MARKETS Money Market Opening system liquidity weakened further by c. 26.28% from ₦47.72 billion yesterday to ₦35.18 billion today. Thus, the Open Repo Rate (OPR) soared by 500bps to 10.50%, while the Overnight Rate (O/N) expanded by 479bps…
FINANCIAL MARKETS TODAY –25 September 2023
FIXED INCOME MARKETS Money Market Opening system liquidity fell by c. 27.31% from ₦65.64 billion on Friday to ₦47.72 billion today. In response, the Open Repo Rate (OPR) widened by 292bps to 5.50%, while the Overnight Rate (O/N) expanded by 296bps to…
