Home Companies&Markets Bonds market stays unresponsive with yield unchanged at 18.6%, T-bills yield closes...

Bonds market stays unresponsive with yield unchanged at 18.6%, T-bills yield closes higher by 2bps to 22.0%

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BONDS MARKET
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THUR JUNE 06 2024-theGBJournal| Treasury bond secondary market traded in a lull Thursday, as the average yield closed flat at 18.6%.

Across the benchmark curve, the average yield advanced slightly at the short (+1bp) end due to profit-taking activities in the MAR-2025 (+2bps) bond but remained unchanged at the mid and long segments.

The T-bills secondary market traded with bullish sentiments, as the average yield contracted by 2bps to 22.0%.

Across the curve, the average yield declined at the short (-1bp), mid (-3bps), and long (-2bps) segments, following interests in the 91DTM (-1bp), 182DTM (-13bps), and 350DTM (-2bps) bills, respectively. Similarly, the average yield dipped by 2bps to 22.0% in the OMO segment.

Meanwhile, the overnight lending rate contracted by 32bps to 29.9% despite the debits for the net NTB issuance (N57.30 billion) at yesterday’s NTB auction.

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