Warning: set_time_limit(): Cannot set max execution time limit due to system policy in /customers/b/b/b/brandspurng.com/httpd.www/wp-config.php on line 92 Market Outlook on The Special OMO Bills Tepid Market Appetite for Fixed Income Securities. - Brand Spur

Market Outlook on The Special OMO Bills Tepid Market Appetite for Fixed Income Securities.

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Market appetite for bonds dropped further compared to Friday as most market participant continues to anticipate the special OMO credit as advised by the Apex bank, which is expected to set a new direction in the fixed market as a whole.

Trading activities dragged for most of the trading hours as dealers preferred to stay on side-lines observing market movement and reactions in line with the outcome of these CRR OMO credits that are expected to hit the system.

Market Outlook on The Special OMO Bills Tepid Market Appetite for Fixed Income Securities Brandspurng

The bears were mainly slated at the belly of the curve especially on the 2036s and 2037s papers which was offered around the mid 5% levels while bids stood c.150bps apart for these quoted papers. The 2049s and 2050s papers were offered at 6.90% levels albeit no-bid to match these offers.

We expect this uncertainty to persist until the much-anticipated bill is credited into the system, Albeit the market ATM poses a good buy opportunity for local investors who are seeking to invest their loose funds.

Treasury Bills

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The Treasury Bills traded one-way today all bears no bulls although largely concentrated mid-long dated papers. March and June bills were offered at 0.30% levels while Oct-Nov bills were offered at 0.50% levels. At the early hours of trading, we saw few aggressive bids in small volumes at the 1.20% level for the march bills but snoozed off quickly.

We expect the market to stay calm in the interim although supply will mostly increase across the curve.

Money Markets

Money market rates dropped by c.240bps in today’s session compared to Friday’s level, supported by the low immediate funding pressure in the market. System liquidity opened the session at N258.07Bn (c.64% lower D/D), while the OBB and OVN rates closed at 1.42% and 1.67% respectively.

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We expect rates to remain stable in the interim, as there are no major outflows expected to hit the market in the course of the week.

FX Market

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The IEFX window continues to receive steady flows from the Apex bank although still poorly supplied compared to demand as rates ranged between N395/$1-N396/$1. The Cash/Transfer window also saw slight relief compared to Friday appreciating by an average of N2.5k to close the day at N471/$1 and N487/$1 respectively.

We expect that the continuous intervention from the Apex bank in the IEFX window would most likely induce the appreciation of Naira in the parallel market in the short-term.

Eurobonds

Although the demand for Sub-Saharan papers remains high especially for NIGERIA Sovereigns, we saw less aggressive bids compared to Friday as buying pressure slowed down across the curve. Most of the market juice stayed at the belly and the tail of the curve where yield chasing investors seem to focus most of their attention. Despite the market appetite, we saw yield expanded slightly across the curve at around +9bps.

The NIGERIA Corporates had a less active session, although we noted few market interests on FBNL 2025s and ETINL 2024s papers as the improved pocket demand on these papers was matched by the supply seen.

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Market Outlook on The Special OMO Bills Tepid Market Appetite for Fixed Income Securities. - Brand Spur

Trend Micro Placed in 2021 Magic Quadrant for Endpoint Protection Platforms

Recognized for Completeness of Vision and Ability to Execute

 

HONG KONG SAR - Media OutReach - 13 May 2021 - Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced that it has been positioned by Gartner as a Leader in the Magic Quadrant for Endpoint Protection Platform for its offering, Trend Micro Apex One. The evaluation was based on specific criteria that analyzed the company's overall completeness of vision and ability to execute.


Trend Micro is continually innovating and anticipating emerging threats. Our flagship Apex One endpoint protection platform features broad coverage against today's most critical threats. Our customers are protected using a range of techniques including virtual patching, which immediately protects against exploits until the vendor patch is applied.


Read the full Magic Quadrant for Endpoint Protection Platform report at: https://resources.trendmicro.com/Gartner-Magic-Quadrant-Endpoints.html

"The endpoint has become a key battleground as determined threat actors try to take advantage of the pandemic to target distributed workforces and vulnerable remote access infrastructure. But throughout this difficult period, we've been there for our customers," said Wendy Moore, vice president of product marketing for Trend Micro. "I'm delighted to see us recognized again for doing what we do best: Protecting global organizations through innovative, cloud-first and platform-based security. We will continue to focus on offering simple, robust and industry-leading protection through our cybersecurity platform."

At the heart of the company's cybersecurity platform is Trend Micro Vision One, which delivers visibility and XDR using telemetry from Apex One in addition to email, servers, cloud workloads and networks for faster detections and investigations.

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Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables you to get the most from market analysis in alignment with your unique business and technology needs.

* Gartner disclaimer: Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.


About Trend Micro

Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro's cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.trendmicro.com.hk


#TrendMicro


Market Outlook on The Special OMO Bills Tepid Market Appetite for Fixed Income Securities. - Brand Spur
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Latest News

Trend Micro Placed in 2021 Magic Quadrant for Endpoint Protection Platforms

Recognized for Completeness of Vision and Ability to Execute

 

HONG KONG SAR - Media OutReach - 13 May 2021 - Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced that it has been positioned by Gartner as a Leader in the Magic Quadrant for Endpoint Protection Platform for its offering, Trend Micro Apex One. The evaluation was based on specific criteria that analyzed the company's overall completeness of vision and ability to execute.


Trend Micro is continually innovating and anticipating emerging threats. Our flagship Apex One endpoint protection platform features broad coverage against today's most critical threats. Our customers are protected using a range of techniques including virtual patching, which immediately protects against exploits until the vendor patch is applied.


Read the full Magic Quadrant for Endpoint Protection Platform report at: https://resources.trendmicro.com/Gartner-Magic-Quadrant-Endpoints.html

"The endpoint has become a key battleground as determined threat actors try to take advantage of the pandemic to target distributed workforces and vulnerable remote access infrastructure. But throughout this difficult period, we've been there for our customers," said Wendy Moore, vice president of product marketing for Trend Micro. "I'm delighted to see us recognized again for doing what we do best: Protecting global organizations through innovative, cloud-first and platform-based security. We will continue to focus on offering simple, robust and industry-leading protection through our cybersecurity platform."

At the heart of the company's cybersecurity platform is Trend Micro Vision One, which delivers visibility and XDR using telemetry from Apex One in addition to email, servers, cloud workloads and networks for faster detections and investigations.

Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables you to get the most from market analysis in alignment with your unique business and technology needs.

* Gartner disclaimer: Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.


About Trend Micro

Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro's cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.trendmicro.com.hk


#TrendMicro


Market Outlook on The Special OMO Bills Tepid Market Appetite for Fixed Income Securities. - Brand Spur
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