DMO is a mortgage CEF with a supported 12% yield and -7% discount to NAV. Unlike other instruments in the mortgage world, the fund does not invest in AAA Agency securities, ...

The Debt Management Office (DMO) said it will re-open two Federal Government Bonds, FGB, valued at N350 billion for auction, at a subscription rate of N1,000 per unit.

History and theory, however, can provide another way to test DMO. During the late 1950s and early 1960s, Navy aircraft carriers “hid” in the Mediterranean Sea in Operation Haystack to launch ...