Investors weigh July MPC outcome, mid-week PMA
Investors in the fixed income market are weighing their options following the outcome of today’s Monetary Policy Committee Meeting as they position ahead of tomorrow’s 277-billion-naira T-bills auction. Wonuola Akanbi, Head, Energy and Infrastructure Sales, Global Markets at Stanbic IBTC Bank joins CNBC Africa to unpack current market sentiments.
Tue, 23 Jul 2024 16:03:15 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Impact of MPC Outcome on Fixed Income Market and Investment Appetite
- Expectations for the T-bills Auction and Market Direction
- Naira Stabilization Efforts and Market Confidence
Investors in the fixed income market are carefully weighing their options after the recent Monetary Policy Committee Meeting as they prepare for the upcoming 277-billion-naira T-bills auction. Wonuola Akanbi, Head of Energy and Infrastructure Sales at Global Markets for Stanbic IBTC Bank, shared insights on the market sentiments and near-term impacts in a recent interview with CNBC Africa. Akanbi highlighted the challenges posed by inflation, rate hikes, and fluctuating market conditions, emphasizing the need for significant interventions to boost investor confidence. The conversation also delved into the implications for tomorrow's bond auction and the ongoing efforts to stabilize the Naira. Here is a breakdown of the key points discussed during the interview. As investors navigate the uncertainties in the market, all eyes are on potential catalysts that could drive positive market direction and restore confidence among stakeholders.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.
