Categories: Business

Stop rate to increase, as N368.66bn worth of T-Bills mature

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THERE are expectations that stop rate will marginally increase as investors bid higher to compensate for the increased level of uncertainty in the money market.

Also, in the new week, dealers said T-bills worth N239.33 billion will mature via the primary and secondary markets to exceed T-bills worth N129.33 billion which will mature via the primary market; viz: 91-day bills worth N2.68 billion, 182-day bills worth N3.54 billion and 364-day bills worth N123.11 billion.

Similarly, market participants expect the value of Federal Government of Nigeria (FGN) Bonds, especially for longer maturities to increase (and yields to fall) as N290 billion FGN 10-year matures this week.

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