Lizzieo:
Hello, can someone please give me details about how treasury bills work,thanks.

Lizzieo:
Hello, can someone please give me details about how treasury bills work,thanks.

unite4real:


You can do yourself a whole lot of good if you can go through the thread from the beginning. You will be glad you did.

Lizzieo:

Chaiiiii,from the beginning? 2012?.I just need a summary,thanks.

feelamong:


The stop rates for the last Auction!!

91 days: 14.3890.

182days: 17.500.

364days: 18.4240.


I still think we will see around the same in this auction..

adetunrayo:
Hello fellow investors, when is the next auction pls?

godash:


Right. I requested by email for a bid rate of 17.0% for 182 days. They acknowledge first by email that I got served at 17.0% but the investment advice letter they later sent showed a discount rate of 16.5% so I'm ironing that out with them right now.

I would love to reach you directly to discuss some more about them.

feelamong:
"With no OMO maturities next week, the PMA will be the main driver of market sentiments. On offer are N48.1bn, N48.5bn and N86.7bn on the

91-day, 182-day and 364-day bills respectively; indicating additional borrowing of N86.7bn. We therefore expect a mildly bearish market outlook.

Renewed institutional and retail client interest in T-Bills may however sustain."

This is a small bit from one of the reports i get from one of the banks...

This clearly means that the rates would remain high at the Auction

feelamong:
"With no OMO maturities next week, the PMA will be the main driver of market sentiments. On offer are N48.1bn, N48.5bn and N86.7bn on the

91-day, 182-day and 364-day bills respectively; indicating additional borrowing of N86.7bn. We therefore expect a mildly bearish market outlook.

Renewed institutional and retail client interest in T-Bills may however sustain."

This is a small bit from one of the reports i get from one of the banks...

This clearly means that the rates would remain high at the Auction

feelamong:
Bill Auction results Stop Rates: 14/09/2016

91day -14%

182day - 17.77%

364day - 18.48%

ernie4life:
my 14% was accurate

feelamong:


i hope the 14% winners were not prorated sha...

ukay2:



Pls my oga feelamong. ...what ishould this prorated stuff...Pls explain to usee. ..

ukay2:



Pls my oga feelamong. ...what ishould this prorated stuff...Pls explain to usee. ..

feelamong:


i hope the 14% winners were not prorated sha...

feelamong:





when you have a lot more winning than the amount required at a particular stop rate..

For EG..if CBN intends to raise N50B 91 days bill...and eventually get N48B at below 14% and the last N2b having subscribers who have all bidded 14% to the tune of N5B.

Since CBN needs only N2b, they will look at the bids and then prorate maybe by saying that they will take only 70% of each of those that bidded 14%.

That way, if you bidded 14% for your N1M, CBN will only take the Discounted Value for N700K

NOLONGTIN1:
Chai! !! I don die ooo

my 14.25% no enter ooooo

and I had a very strong feeling about that rate - same with previous feelings I've had about past decisions (cum success)

ummitoagirl:
@feelamong, can you or anyone explain the 4th quarter calender, I intend to bid for 364 next week. Is it certain that bidding will take place on the 22nd? What column do I look at on the calender.

godash:


Did you mean in 2 weeks instead? Or is there actually an auction next week?

Where can i access this 4th quarter calendar?

lilee2hot:
Please be informed that Stanbic was successful at the auction for the 91, 182 & 364 day bill today.

 Their selling rates are stated below;

Maturity Tenor Discount Rate

15th December 2016 91 days 14.00%

16th March 2017 182 days 17.15%

14th September 2017 364 days 18.10%

munezo:
This is good news. I placed my bid through them but I went with 18.2 for 364 days