Monthly Archives: October 2021

Nigeria Fixed Income Weekly

The week that was (October 1-18) Bond markets appear focused on 2022, overlooking near term reduction in bond supply: In a reverse from the declining trend over Q3, when the yield curve dropped 106bps (H1 2021: +618bps), rates along the Naira curve have inched higher over October (+15bps) driven by a modest sell-off in bonds […]

Nigeria Fixed Income Weekly

The week that was (September 17- 30) Nigeria tapped global debt markets for USD4billion. The DMO maintained the pace of its borrowings and now looks set to reduce the gap between OMO bills and NTB papers. NTB Auction: A desire to trim spreads? After its surprise hike in the discount rate of the 1-yr NTB […]