THUR MAY 16 2024-theGBJournal| Activities in the Treasury bond secondary market was muted Thursday, as the average yield stayed flat at 18.5%.
Across the benchmark curve, the average yield increased slightly at the short (+1bp) end as players sold off the MAR-2025 (+2bps) bond but closed flat at the mid and long segments.
Proceedings in the NTB secondary market were bullish, as the average yield pared by 1bp to 22.4%.
Across the curve, the average yield contracted at the short (-1bp), mid (-1bp) and long (-1bp) segments, following demand for the 21DTM (-2bps), 175DTM (-1bp) and 343DTM (-2bps) bills, respectively.
Similarly, the average yield declined by 5bps to 20.0% in the OMO segment.
The overnight lending rate contracted by 119bps to 30.7%, in the absence of any significant inflows into the system.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
