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.
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