Rise in bonds prices to persist as N413bn inflow boosts interbank

Business confidence economy maintain upward trend
PMI report indicates uptick in economic expansion
By Babajide Komolafe

Prices of FGN Bonds in the secondary market are expected to continued their upward trend this week, amidst inflow of N413 billion into the interbank money market, even as directive of the Central Bank of Nigeria (CBN) excluding local investors from participating in secondary market treasury bills auctions, alters direction of investments in the fixed income market in favour of FGN bonds.

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