Home Companies&Markets FGN bonds closes mixed with yield at 18.9%; treasury bills yield declines...

FGN bonds closes mixed with yield at 18.9%; treasury bills yield declines by 12bps to 22.2%

135
0
Access Pensions, Future Shaping

MON APRIL 29 2024-theGBJournal| Trading in the Treasury bond secondary market was mixed, as the average yield remained at 18.9% on Monday.

Across the benchmark curve, the average yield expanded at the short (+2bps) end due to profit-taking activities on the MAR-2025 (+4bps) bond but pared at the mid (-1bp) segment driven by demand for the JUN-2033 (-4bps) bond. Meanwhile, the average yield closed flat at the long end.

Activities in the Treasury bills secondary market was bullish, as the average yield declined by 12bps to 22.2%.

Across the curve, the average yield dipped at the short (-34bps), mid (-3bps) and long (-4bps) segments due to buying interest in the 24DTM (-179bps), 178DTM (-4bps) and 332DTM (-6bps) bills, respectively.

Similarly, the average yield contracted by 3bps to 18.8% in the OMO segment.

Meanwhile, the overnight lending rate contracted by 58bps to 30.7%, following the inflows from FGN bond coupon payments (N53.35 billion).

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