Home Money Markets Wrap| T-bills yield unchanged at 4.2%, bond yield drops 13bps to...

Markets Wrap| T-bills yield unchanged at 4.2%, bond yield drops 13bps to 11% on bullish trade, Naira gains 0.2%

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TUE 22 FEB, 2022-theGBJournal- Trading in the NTB secondary market was quiet, as the average yield was unchanged at 4.2%. Similarly, the average yield was flat at 5.3% in the OMO segment.

Proceedings at the Treasury bond secondary market were bullish, as the average yield contracted by 13bps to 11.0%. Across the benchmark curve, the average yield expanded at the short (+1bp) end following investors’ sell-off of the MAR-2025 (+42bps) bond but contracted at the mid (-38bps) and long (-6bps) segments as market participants demanded the FEB-2028 (-42bps) and JUL-2034 (-34bps) bonds, respectively.

At the currency market, he naira appreciated by 0.2% to NGN416.00/USD at the I&E window.

The overnight lending rate contracted by 633bps to 6.3%, as the inflow from OMO maturities (NGN227.20 billion) improved overall system liquidity.

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Related posts:

  1. Markets Wrap: Naira falls 1.7% to N422.07/$, bond yield closed flat at 11.3%, demand for the 14dtm and 105dtm bills dominate T-Bills trading
  2. Markets Wrap|T-Bills average yield flat at 4.4%, Bonds yield down 2bps to 11.3%, Naira unchanged at N416.33/$ at the I&E window
  3. Markets Wrap| T-bills yield declines by 7bps to 4.3% after bullish trade, bond unchanged at 11.5%, Naira flat at N416.67/$
  4. Markets| Bond yield moves lower by 3bps to 11.4%, T-Bills yield drops 10bps to 4.1%, Naira gains 0.2% at the I&E window
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