TUE APRIL 02 2024-theGBJournal| Activities in the Treasury bond secondary market was bullish, as the average yield fell by 7bps to 19.2%.
Across the benchmark curve, the average yield advanced at the short (+3bps) end due to sell-offs on the MAR-2025 (+7bps) bond but declined at the mid (-36bps) segment driven by bargain hunting in the FEB-2031 (-67bps) bond.
Meanwhile, the average closed flat at the long end.
Meanwhile, sentiments in the T-bills secondary market was mixed but with a bullish tilt, as the average yield pared by 1bp to 17.7%.
Across the curve, the average yield contracted at the short (-3bps) and long (-6bps) ends as investors demanded the 65DTM (-4bps) and 324DTM (-7bps) bills, respectively, but expanded at the mid (+6bps) segment following sell pressures on the 177DTM (-64bps) bill. Elsewhere, the average yield dipped by 5bps to 18.4% in the OMO segment.
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