Lower rates trend at Nigeria July bond action tempts investors to reinvest funds
A graduate of Economics and Statistics from the University of Benin. An experienced researcher and business writer in the print and digital media industry, having worked as a Research Analyst at Nairametrics, Voidant Broadcasting Ltd, Entrepreneurs.ng, and currently a Market and Finance Writer at Business a.m. For stories, press releases, exclusive events, call +2347052803696 or send a mail to abuedec@gmail.com.
July 22, 2021649 views0 comments
-
United Capital analysts see absorbed excess maturities at PMA trickling into the secondary market
“On the outlook, we think the excess maturities yet to be absorbed at the Nigerian T-bills and bond auction will trickle into the secondary market as investors look to reinvest the funds. We expect this to force interest rates lower in the secondary bonds market, keeping in line with the overall downward outlook for the yield environment in Jul-2021,” they said.
Read Also:
- Generative AI becomes defining trend in digital Ad industry, Google report shows
- Climate Action Africa takes the lead on sustainability with CAAF24
- Coronation says Nigeria's infrastructure investment lags population…
- Nigeria’s public debt in race to N100trn by June, warn analysts
- FIRS charges Binance with tax evasion, as executives allegedly flee Nigeria