Home Companies&Markets Bonds yield rises 2bps to 18.6% on bearish sentiments, T-Bills yield stays...

Bonds yield rises 2bps to 18.6% on bearish sentiments, T-Bills yield stays bullish, falls 4bps to 22.0%

143
0
BONDS MARKET
Access Pensions, Future Shaping

MON JUNE 10 2024-theGBJournal| Sentiments in the FGN bond secondary market was bearish, as the average yield expanded by 2bps to 18.6%.

Across the benchmark curve, the average yield advanced at the short (+2bps) and mid (+7bps) segments due to the selloffs of the MAR-2025 (+6bps) and FEB-2031 (+12bps) bonds but remained unchanged in the long end.

Trading in the NTB secondary market was bullish, as the average yield contracted by 4bps to 22.0%. Across the curve, the average yield declined at the short (-3bps), mid (-3bps), and long (-5bps) segments as participants demanded the 17DTM (-4bps), 178DTM (-4bps), and 346DTM (-5bps) bills, respectively.

Similarly, the average yield dipped by 6bps to 21.9% in the OMO segment.

Meanwhile, the overnight lending rate expanded by 44bps to 31.1% in the absence of any significant funding pressure on the system.

X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com

Access Pensions, Future Shaping
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments