notes

© Reuters. Today, the Central Bank of Nigeria (CBN) addressed public concerns over the legitimacy of old Naira notes and rumors of cash scarcity. Isa AbdulMumin, Director of Corporate Communications at the CBN, confirmed that all CBN-issued banknotes are legal tender, including redesigned ones. The confirmation is rooted in Section 20(5) of the CBN Act

The U.S. Treasury will auction off $40 billion of 10 year notes at the top of the hour. Below are the key components of the auction, along with the 6 month averages of the components. Traders – and the market – will judge the success or failure of the auction versus the 6-month averages: High