Home Money Average yield dips 4bps to 11.1% as investors demand Jan-2026 Apr-2029 bonds,...

Average yield dips 4bps to 11.1% as investors demand Jan-2026 Apr-2029 bonds, T-bills trades with mixed sentiments, Naira gains 0.1%

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WED, 01 JUNE, 2022-theGBJournal| The overnight lending rate contracted by 333bps to 7.0%, in the absence of any significant inflow into the system.

The Treasury bills secondary market traded with the mixed sentiment, but with a bearish tilt as the average yield inched higher by 1bp to 3.9%. Across the curve, the average yield was flat at the mid and long segments but expanded at the short (+5bps) end due to profit-taking on the 71DTM (+28bps) bill. Elsewhere, the average yield was unchanged at 4.4% in the OMO segment.

Trading activities in the Treasury bond secondary market turned bullish as the average yield dipped by 4bps to 11.1%. Across the benchmark curve, the average yield contracted at the short (-11bps) and mid (-2bps) segments as investors demanded the JAN-2026 (-65bps) and APR-2029 (-7bps) bonds, respectively. Conversely, the average yield was flat at the long end of the curve.

Meanwhile, the naira appreciated by 0.1% to NGN419.00/USD at the I&E window.

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