The Relationship Between Monetary Policy Rate (MPR) and Bond Prices and Yields in Nigeria

Aderemi, T. A., & Akinlo, A. E. (2020). Interest rate, inflation and stock market returns in Nigeria. International Journal of Economics and Financial Issues, 10(1), 170–176. Campbell, J. Y., & Shiller, R. J. (1991). Yield spreads and interest rate movements: A bird's eye view. Review of Economic Studies, 58(3), 495–514. Central Bank of Nigeria . (2022). CBN monetary policy framework. Abuja: CBN Economic Reports. CBN (Central Bank of Nigeria). (2023). Monetary Policy Communiqué No. 150. Abuja: Central Bank of Nigeria. Central Bank of Nigeria . (2023). Monetary Policy Communiqué No. 150. Abuja: CBN Publications. Choudhry, M. (2022). The Bond & Money Markets: Strategy, Trading, Analysis (3rd ed.). Wiley. Culbertson, J. M. (1957). The Term Structure of Interest Rates. Quarterly Journal of Economics, 71(4), 485–517. Debt Management Office . (2022). Annual Report and Statement of Accounts. Abuja: DMO Nigeria. Egbulonu, K. G., & Ndubuisi, P. A. (2021). Interest rate and government bond market development in Nigeria. Journal of Economics and Development Studies, 9(3), 25–37. Enebeli-Uzor, S. E., & Nwosu, C. (2021). Inflation targeting and monetary policy effectiveness in Nigeria. CBN Journal of Applied Statistics, 12(2), 51–74. Eze, S. O., & Okpala, B. C. (2022). Monetary Policy Transmission and Interest Rate Channels in Nigeria: An Empirical Reassessment. Journal of African Financial Studies, 14(2), 140– 157. Fabozzi, F. J. (2018). Bond Markets, Analysis, and Strategies (9th ed.). Pearson. Fabozzi, F. J. (2018). Bond Markets, Analysis, and Strategies (9th ed.). Pearson. Fama, E. F., & Bliss, R. R. (1987). The information in long-maturity forward rates. American Economic Review, 77(4), 680–692. houdhry, M. (2022). The Bond & Money Markets: Strategy, Trading, Analysis (3rd ed.). Wiley. IMF. (2022). Nigeria: Selected Issues. Washington, D.C.: International Monetary Fund Country Report No. 22/234. Kiguel, M., & Liviatan, N. (1992). The business cycle associated with exchange rate based stabilization. The World Bank Economic Review, 6(2), 279–305. Mishkin, F. S. (2019). The Economics of Money, Banking, and Financial Markets (12th ed.). Pearson. Mishkin, F. S. (2019). The Economics of Money, Banking, and Financial Markets (12th ed.). Pearson. Nnanna, O. J., & Udeaja, E. A. (2021). Rethinking Monetary Policy Tools in Sub-Saharan Africa: Lessons from Interest Rate Channels. African Economic Research Review, 29(1), 87–104. Okonkwo, O., & Ailemen, I. (2021). Assessing bond yield sensitivity to monetary policy in Nigeria. African Review of Money Finance and Banking, 1(2), 88–106. Olayemi, O., & Omankhanlen, A. (2022). Bond market development and macroeconomic stability in Nigeria. Journal of Economic Policy and Research, 17(1), 59–78. Olayemi, O., & Omankhanlen, A. (2022). Bond Market Development and Macroeconomic Stability in Nigeria. Journal of Economic Policy and Research, 17(1), 59–78. Uzonwanne, M. C. (2020). Monetary policy transmission in Nigeria: A review of empirical literature. African Journal of Economic Policy, 27(1), 135–148.