MON, AUGUST 14 2023-theGBJournal |Treasury bills secondary market traded bullish Monday, as the average yield contracted by 3bps to 7.3%.
Across the curve, the average yield contracted at the short (-11bps) and long (-1bp) ends following interests in the 31DTM (-56bps) and 346DTM (-1bp) bills, respectively.
In contrast, the average yield closed flat at the mid-segment.
Meanwhile, the average yield in the OMO segment settled at 12.2%.
Elsewhere, the Treasury bond secondary market traded with bearish sentiments, as the average yield expanded by 4bps to 13.6%.
Across the benchmark curve, the average yield expanded at the short (+15bps) end due to selloffs of the JAN-2026 (+79bps) bond.
Conversely, the average yield was unchanged at the mid and long segments.
Meanwhile, the overnight lending rate expanded by 300bps to 5.8%, in the absence of any significant outflow from the system.
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