By Financescape The Debt Management Office (DMO) has announced another Sovereign Sukuk this year for an expected maximum amount of N200 – N250 billion to finance infrastructure and critical road projects across the country. The Nigerian government through the Debt management office commenced the issuance of Sukuk in September 2017 as a strategic […]
By Zedcrest Capital The FGN bond market traded on a very sluggish note today with improved bids on some selected FGN Bonds especially at the long end of the curve with very few offers to match. We saw order-driven demand for short-duration bonds, 2023s to 2026s papers, although very few trades were […]
By Zedcrest Partners ltd FGN Bonds The bearishness in the FGN bond market was sustained as the markets resumed this week, as market participants continued to react negatively to the increased supply at the primary auction as outlined by the DMO in its issuance calendar for Q2. Selling pressures persisted across […]
By Zedcrest Capital The FGN bond market traded on a very calm note, although with a bearish tilt as market participants anticipated the outcome of the MPC meeting that was concluded today. We saw local investors maintain their demand bias for short-duration bonds, with emphasis on the 2028s and 2029s papers, which traded […]
By Zedcap Partners Limited FGN Bonds The bears dominated the FGN bond market opening the week as traders remained aggressively offered across the curve with very few bids to match. The weak appetite for FGN bonds despite the scarcity of short-term instruments can be attributed to the uncertainty surrounding monetary policy, which […]
By Zedcrest Partners ltd FGN Bonds The Bond Market opened on a mixed note, with pockets of demand skewed on select maturities (2021s, 2027s & 2049s) following inflows of c.N65bn in FGN coupons credited today. Overall, yields on the benchmark curve expanded in anticipation of supply from the FGN Bond auction […]
By Zedcrest Partners ltd Bonds The Bond market opened the week on an active note, with bullish sentiments supported by investor demand following the CBN’s directive on OMO Bills as well as coupon payments of c.N41bn credited today. Yields dropped by an average of c.12bps across the benchmark yield curve, with the most […]
Zedcrest Partners Ltd Bonds The FGN Bond market continued on a quiet note for the second consecutive trading session. We noticed slightly improved offers from market participants across most securities but very little volumes passed. Yields consequently remained unchanged on the average across the benchmark yield curve. We maintain a cautious […]
By Zedcrest Partners Ltd *** Apex Bank Maintains Benchmark Rates At MPC Meeting *** Bonds The bullish run in the Bond market slowed in today’s session, as the Monetary Policy Committee meeting took center stage. Spreads tightened in the market, as yields closed the session lower by c.6bps on the average on […]
By Zedcap Partners Ltd *** August 2019 CPI reported at 11.02%, as Central Bank pulls back MPC meetings to this week *** Bonds The Bond market started the trading session on a bullish note, as investors looked to re-invest coupon payments received this week. We noted increased demand for duration as […]
