feelamong:


we all can share the rates being offered by the various banks here....

that way we can then compare the rates and go to the ones with the best rates..

Good point but that will only be in retrospect since you can only know bank rate after the bid is successful. And we cannot definitively say because Bank A had a reasonably good rate this time, it will also have for future bids. But good point though.

Lalaska:


Good point but that will only be in retrospect since you can only know bank rate after the bid is successful. And we cannot definitively say because Bank A had a reasonably good rate this time, it will also have for future bids. But good point though.

True but if we watch for like 2 - 3 auctions, we will know the banks that are consistent and also fair in the ℅ of interest they are willing to let out their to customers.

So discussing the rates given here is very important.

freeman67:


True but if we watch for like 2 - 3 auctions, we will know the banks that are consistent and also fair in the ℅ of interest they are willing to let out their to customers.

So discussing the rates give here is very important.

YES . long time sir? hope all is well ? so with #100,000 i can invest in TB now with bank's?

NL1960:


If you have your 50m and above, then you can fix your rate otherwise you will have follow bank rate. It is as simple as that.

Which bank now have the highest interest rate

Paramount01:


Which bank now have the highest interest rate

See freeman67 response above.

When is the next TB bidding?

GetPosted:
When is the next TB bidding?

Do you have N50M now?

feelamong:


Do you have N50M now?

Lips-sealed bro
Can I please have a date for the next bidding

GetPosted:

Lips-sealed bro
Can I please have a date for the next bidding

22nd of March 2017

If only the banks can give you their rate when applying to use theirs, it would be so nice. But they'd rather hide it and place you at their uncertain rate... it's the authorities that placed us in their mercies....poor masses!

I subscribed for 365 days with gtb , took the chance .Will see what the rate will be b4 friday

Do someone like me have a choice now ..don't think so at the moment

I made up my mind the worse will be 16percent-17 ,since they are in control now . B4 fri i know the rate

I know they are rip-off anyway

iykmora:
If only the banks can give you their rate when applying to use theirs, it would be so nice. But they'd rather hide it and place you at their uncertain rate... it's the authorities that placed us in their mercies....poor masses!

Yes they can. All u need to do is to send mail to your account officer asking him or her of any TB for secondary mkt and rate.
Also remember that there is no bidding day here as it was in primary mkt.

My network is misbehaving

ihedioramma:
YES . long time sir? hope all is well ? so with #100,000 i can invest in TB now with bank's?

All is well oh Sir, we thank God. I believe u can still invest with that amount. I have not seen or heard anything contrary. what seem to be in contention now is how to get the best rate but I believe as thing unfold we will know the direction to go..

Rizin:


Yes they can. All u need to do is to send mail to your account officer asking him or her of any TB for secondary mkt and rate.
Also remember that there is no bidding day here as it was in primary mkt.

He is talking about primary market. Banks seldom tell customers bid rate at primary auction because the bid has not been won. How would take if after telling u a particular bid it goes the other way?

Yes for secondary the bid is already know. In fact once you request for TB in the secondary market through a bank, they would tell you what is available (tenure and percentage).

ihedioramma:
YES . long time sir? hope all is well ? so with #100,000 i can invest in TB now with bank's?

All is well oh Sir, we thank God. I believe u can still invest with that amount. I have not seen or heard anything contrary. what seem to be in contention now is how to get the best rate but I believe as thing unfold we will know the direction to go..

I think most banks will yet offer rates that are within 200 basis points of CBN's stop rate. StanbicIBTC and FBN should be among the top 5 offering the most attractive rates. competition will eventually moderate their actions as per ripping off. not just inter bank, but also intra market competition, if they should try ripping off excessively, it won't be long before smart investors start boycotting their offers for other instruments in the market. I think what really poses more threat to money market rates right now is the news of inflation tapering. I think beginning from Q2'17, we could start seeing inflation figures below 17% partly due to the fact that there's already a high Q2'16 base. The new FX policy is also expected to in the least prevent any further worsening in the inflationary trend. I expect the MPC to hold rates in their upcoming meeting this month, but perhaps when they meet in May, they may want to consider a cut, which will signal the beginning of a lower money market rates period. remember this era of high rates has been on for about 9 straight months since June 2016, basically because the CBN was hoping to attract FPIs with it, so by May, they may think that it's time to reconsider the decision since, it's really done nothing but increase the debt service cost of the FG.
Bottom line, whoever has spare cash would be better off doing long-tenor T-bills, or normal FGN bonds to lock up on these current rates, because rates could start crashing after May's MPC meeting. Let's not let this current sweetness make us forget that we have cycles in this market of ours. Nice night to everyone. God bless.

awesomeJ:
I think most banks will yet offer rates that are within 200 basis points of CBN's stop rate. StanbicIBTC and FBN should be among the top 5 offering the most attractive rates. competition will eventually moderate their actions as per ripping off. not just inter bank, but also intra market competition, if they should try ripping off excessively, it won't be long before smart investors start boycotting their offers for other instruments in the market. I think what really poses more threat to money market rates right now is the news of inflation tapering. I think beginning from Q2'17, we could start seeing inflation figures below 17% partly due to the fact that there's already a high Q2'16 base. The new FX policy is also expected to in the least prevent any further worsening in the inflationary trend. I expect the MPC to hold rates in their upcoming meeting this month, but perhaps when they meet in May, they may want to consider a cut, which will signal the beginning of a lower money market rates period. remember this era of high rates has been on for about 9 straight months since June 2016, basically because the CBN was hoping to attract FPIs with it, so by May, they may think that it's time to reconsider the decision since, it's really done nothing but increase the debt service cost of the FG.
Bottom line, whoever has spare cash would be better off doing long-tenor T-bills, or normal FGN bonds to lock up on these current rates, because rates could start crashing after May's MPC meeting. Let's not let this current sweetness make us forget that we have cycles in this market of ours. Nice night to everyone. God bless.

Very intelligent analysis. ....exactly my thoughts.....

awesomeJ:
I think most banks will yet offer rates that are within 200 basis points of CBN's stop rate. StanbicIBTC and FBN should be among the top 5 offering the most attractive rates. competition will eventually moderate their actions as per ripping off. not just inter bank, but also intra market competition, if they should try ripping off excessively, it won't be long before smart investors start boycotting their offers for other instruments in the market. I think what really poses more threat to money market rates right now is the news of inflation tapering. I think beginning from Q2'17, we could start seeing inflation figures below 17% partly due to the fact that there's already a high Q2'16 base. The new FX policy is also expected to in the least prevent any further worsening in the inflationary trend. I expect the MPC to hold rates in their upcoming meeting this month, but perhaps when they meet in May, they may want to consider a cut, which will signal the beginning of a lower money market rates period. remember this era of high rates has been on for about 9 straight months since June 2016, basically because the CBN was hoping to attract FPIs with it, so by May, they may think that it's time to reconsider the decision since, it's really done nothing but increase the debt service cost of the FG.
Bottom line, whoever has spare cash would be better off doing long-tenor T-bills, or normal FGN bonds to lock up on these current rates, because rates could start crashing after May's MPC meeting. Let's not let this current sweetness make us forget that we have cycles in this market of ours. Nice night to everyone. God bless.

Very intelligent analysis. ....exactly my thoughts.....


Weldone

ukay2:


Very intelligent analysis. ....exactly my thoughts.....

Weldone

Thanks sir.

Please which one Is better between the federal government savings bonds and the treasure bill, I am thinking of applying before this thing close

freeman67:


All is well oh Sir, we thank God. I believe u can still invest with that amount. I have not seen or heard anything contrary. what seem to be in contention now is how to get the best rate but I believe as thing unfold we will know the direction to go..




He is talking about primary market. Banks seldom tell customers bid rate at primary auction because the bid has not been won. How would take if after telling u a particular bid it goes the other way?

Yes for secondary the bid is already know. In fact once you request for TB in the secondary market through a bank, they would tell you what is available (tenure and percentage).



All is well oh Sir, we thank God. I believe u can still invest with that amount. I have not seen or heard anything contrary. what seem to be in contention now is how to get the best rate but I believe as thing unfold we will know the direction to go..

Amen . try and let us know how is working now .

morning all,i am an undergraduate with interest in finance...would be posting questions from time to time,i hope u guys are able to help me out...
Question: From what i have read so far,the commercial banks would be setting interest rate for the T bills right? From what i was taught T bills is a form of IOU the fed govt uses to raise money, why should banks be the one setting interest since the advent of the FGN savings Bond?

freeman67:


All is well oh Sir, we thank God. I believe u can still invest with that amount. I have not seen or heard anything contrary. what seem to be in contention now is how to get the best rate but I believe as thing unfold we will know the direction to go..

the minimum amount with Zenith bank is N1,000,000. i wanted to do N500,000 they rejected it until i completed it 1m.

Just got a call from Stanbic ibtc bank that CBN refused to bid for individual investors with less than 50 millions in the Primary market....so individual investors less than 50M should shop for secondary markets.

PLEASE OGA FEELAMONG and other guys...,.who knows the result of the primary auction of yesterday and the secondary markets rates for today.....I want to bid for secondary markets today before bank go barb my hair. ......,

Thanks..

ukay2:
Just got a call from Stanbic ibtc bank that CBN refused to bid for individual investors with less than 50 millions in the Primary market....so individual investors less than 50M should shop for secondary markets.

PLEASE OGA FEELAMONG and other guys...,.who knows the result of the primary auction of yesterday and the secondary markets rates for today.....I want to bid for secondary markets today before bank go barb my hair. ......,

Thanks..

I thought they already knew this but wanted a work-around by pulling customers' fund and bidding on their behalf.
If not, why did they have to waste peoples' time and energy in the first place.

These banks sef.

sanerugwei:


I thought they already knew this but wanted a work-around by pulling customers' fund and bidding on their behalf.
If not, why did they have to waste peoples' time and energy in the first place.

These banks sef.

The thing tired me ooooo. .....I for don bid secondary market since Monday. ...

ukay2:



The thing tired me ooooo. .....I for don bid secondary market since Monday. ...

Pls how do i bid for the secondary market?

Treasury Bills Stop rates for 15th March 2017

91 days ----13.6%

182 days -----17.2%

364 days-------18.558%



How many people got rates close to this from their bankers

ganasy:


Pls how do i bid for the secondary market?

talk to your bankers or Investment House...

Fidelity Securities told me they are ready to deal at 17% for 364 days and 16% for 182days and 13.3% for 91 days

ukay2:
Just got a call from Stanbic ibtc bank that CBN refused to bid for individual investors with less than 50 millions in the Primary market....so individual investors less than 50M should shop for secondary markets.

PLEASE OGA FEELAMONG and other guys...,.who knows the result of the primary auction of yesterday and the secondary markets rates for today.....I want to bid for secondary markets today before bank go barb my hair. ......,

Thanks..

LOL @bolded

Surprised that Stanbic IBTC collected your bid request in the first place

feelamong:
Treasury Bills Stop rates for 15th March 2017

91 days ----13.6%

182 days -----17.2%

364 days-------18.558%



How many people got rates close to this from their bankers

Just got an alert of N16350 from First Bank on the 500k investment in NTB for 91days.