UBA: Fixed income market mute on subdued investor appetite [0:00-5:00]

Activities in Nigeria's fixed income market have been calm, as investors remain on the side lane awaiting catalysts to spur an active market traders at the UBXB sentiment to persist, as investors sell down on the back of month and income. Chuka want to go to chief dealer and head of trading at the UBXB for this discussion. Thank you so much for your time, Chuka. I mean, the holiday seems to have waded on a lot of investors, as we've seen quite a lot of repricing and recalibration in terms of the investment. Yeah, thank you, Chuka. Like you noted, there's those appetizers in this object, market is calm. Let me start with the system increase market opened up over five children. And that's how God has characterized the market's activity through this month of May. Month of May, I think highly highly fit. And all influence and the month of May is a world of attention, from 1.6 trillion back in the month to majorities on the civil service, and also the one payment. And so we market open on Monday. I'll be patient of the public holiday, as well as, you know, most traders and investors selling some of them in order to increase their revenue, also realize their revenue. That's a little bit. So today, the market, like mentioned, also has a piece of it. Market is going to be like this till the end of the trading day. All traders are so long, so investors are looking forward to the month of June. But indeed, for investors who have been looking towards the month of June, are you expecting some level of optimism in terms of maybe the government's borrowing plan for June, but Lally on the bond side? I think the ability, we also have to pay Mr. Rul, and that's why I said that, basically looking forward to the month of June. Month of June is also going to be the same month of May. What happened is that most investors will be looking for investment opportunities. And that's why we've seen a lot of activities on the fixed income side, especially on the TV side. It's safer for most investors to place on the TV side, especially when you rate cuts, it will be muted in some corners that is going to be in the rate cuts between the end of the year and to save us who play on the shut up end of the crop. Here is that it will be far that the 10% tax is also a factor. However, investors are also demanding for higher yield. And that's why you've seen that. Yes, vision is well over what is offered. The first time that you see that in the CBN, in case of Humor, or the Amor, in case of NTV, you know, most times over, and in sale is at the awards, the suspicions in the world, or the awards and market demands for. If you look at the bond side as well, you see that appetite on this one side is going to be so good. You know, just the same way that they were. So on the front option, for example, we saw that the suspicions, you know, where we do, where it was called by Sonnet Geno, or part of Geno was, and slightly available, but that's on the end again. It shows you that there isn't much interest on that end. It took up. Now, I asked this question earlier on today. Take, for example, with the level of IPO and capital rates in the capital market in the second half of the year. We know the insurance sector is also doing a recapitalization. Quite a number of them go into the market at this point in time. Do you think that this subdued pressure in the fixed-incom market will see investors pivot to the acquisition market looking for a long-term returns? I think that the investors, you know, prepare to, most investors actually prepare to play on the fixed-incom market. And don't forget that some of these investors are also PFAs. Some of them have certain amounts, you know, that need to be invested on the fixed-incom market. And also fixed-incom markets are relatively stable in terms of the yield. Yeah, the yield, like last year, we saw you move between two to three percent. Currently, the yield is around between 16 to 18 percent.