Fixed income investors’ stash of idle cash rises to N237bn in May

Here’s what to expect in fixed income market today

The Overnight (O/N) rate decreased by 2.62 percent to close at 5.62 percent on Tuesday as against the last close of 8.24 percent on Monday.

More than N237.22 billion worth of failed transactions was recorded at the Nigerian Treasury Bills (T-Bills) auction conducted in May by the Central Bank of Nigeria (CBN) on behalf of the Federal Government. In light of the prevailing developments in the markets, fixed income investors were willi

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