SAT FEB 01 2025-theGBJournal| The Treasury bills secondary market was bullish this week as the average yield across all instruments declined by 96bps to 25.2%.
Investors also parsed the latest corporate earnings results and dividend declarations
We attribute this to the surplus liquidity in the financial system at the start of the week, which drove demand for bills. Across the market segments, the average yield decreased by 141bps to 23.4% in the NTB segment and declined by 48bps to 27.6% in the OMO segment.
Given our projection of strong system liquidity next week, we expect this to boost demand for instruments, leading to a decline in yields in the secondary market.
Additionally, the Debt Management Office (DMO) is scheduled to hold an NTB PMA next Wednesday, with N955.37 billion worth of maturing bills on offer.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
