Monthly Archives: July 2022

Nigeria Fixed Income Weekly

Liquidity pressures force the DMO’s hand, CBN delivers another rate hike, subsidy headaches set the stage for a record fiscal deficit and Eurobond blues. The Week that Was (July 18-22) DMO wilts under pressure of tight banking system liquidity at the July bond auction:  In the lead up to the July 2022 bond auction, money […]

Nigeria – Fixed Income Weekly

The Weeks that were (June 27 to July 15, 2022) NTB yield curve inversion, CBN starts to tighten, inflation tracks higher, Naira devalued at the official windows and external accounts turn positive. Fixed income markets turn bearish as CBN tightens the screw on liquidity:  After a largely lukewarm attitude towards financial system liquidity over the […]