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treasury bills

US Treasury keeps auction sizes steady, bill decline to slow
Markets

US Treasury keeps auction sizes steady, bill decline to slow

  • The Treasury also said it expects Congress to raise or suspend the US debt limit in a timely manner, and that it may take certain extraordinary measures if Congress does not.
  • The government expects its cash balance to be around $450 billion at the expiration of the debt limit suspension on July 31.
Updated 05 May, 2021 06:15pm
Nigerian stocks drop to 10-week low, banks fall
Markets

Nigerian stocks drop to 10-week low, banks fall

  • The all-share index, which rose 50% in 2020, shed 1.8% on Tuesday, the most in one day since December. The index of Nigeria's top 10 banking shares shed 5.3%.
  • Stocks had been rising since October as local funds moved into equities following two rate cuts last year, and as excess naira flooded money markets due to historically low yields on the debt market.
Updated 09 Mar, 2021 09:34pm