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Five things to learn from last week’s T-bill auction

Five things to learn from last week’s T-bill auction

The Federal Government’s latest Treasury bill auction offered an insight into its borrowing strategy, investors’ appetite for government securities and the changing direction of interest rates in the domestic debt market. Despite receiving N1.91tn in bids against an advertised N800bn offer, the Debt Management Office accepted only N71.16bn, rejecting about N1.84tn. The 28 October auction

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  • federal
  • treasury
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