Events
Federal Government Raises N11.22 Trillion Through T-Bills and Bonds in 2023
The Federal Government has successfully raised a substantial N11.22 trillion through the issuance of Treasury Bills and bonds from January to May 20, 2023, according to a report by Tony Chukwunyem.
This robust fundraising activity reflects a significant liquidity injection into the market, aligning with the current investor sentiment characterized by an extreme greed score of 99. The growing demand for government securities is evident as coverage around this topic remains steady at 60, suggesting a strong interest in fixed-income instruments amidst a backdrop of fluctuating economic conditions.
The recent increase in bond issuance, with a rate of change of approximately 5.99%, indicates a proactive approach by the government to manage fiscal needs while potentially stabilizing market expectations.