WED, MAR 27 2024-theGBJournal|Activities in the Treasury bond secondary market was relatively calm, as the average yield closed flat at 19.1%.
Across the benchmark curve, the average yield advanced slightly at the short (+1bp) end due to sell-offs on the JAN-2026 (+1bp) bond but remained flat at the mid and long segments.
Trading in the T-bills secondary market closed on a bullish note, as the average yield declined by 1bp to 17.7%.
Across the curve, the average yield contracted at the short (-1bp), mid (-1bp) and long (-1bp) segments following modest demand for the 93DTM (-1bp), 169DTM (-1bp) and 330DTM (-1bp) bills, respectively. Similarly, the average yield pared by 1bp to 18.5% in the OMO segment.
At the money market, the overnight lending rate expanded by 54bps to 27.5%, in the absence of any significant funding pressure on the system.
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