WED APRIL 03 2024-theGBJournal| The NTB secondary market traded on a bullish note, as the average yield dipped by 5bps to 17.6%.
Across the curve, the average yield declined at the short (-1bp), mid (-13bps) and long (-1bp) segments following buying interests in the 85DTM (-1bp), 176DTM (-86bps) and 323DTM (-1bp) bills, respectively.
Similarly, the average yield pared by 1bp to 18.4% in the OMO segment.
Proceedings in the Treasury bond secondary market was bullish, as the average yield contracted by 4bps to 19.2%.
Across the benchmark curve, the average yield decreased at the short (-15bps) end due to demand for the MAR-2027 (-79bps) bond but was flat at the mid and long segments.
Meanwhile, the overnight lending rate expanded by 26bps to 25.2%, in the absence of any significant funding pressure on the system.
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