Home Companies&Markets FGN bonds yield rises 2bps to 18.5%, treasury bills yield pars by...

FGN bonds yield rises 2bps to 18.5%, treasury bills yield pars by 1bp to 22.4%

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TUE MAY 14 2024-theGBJournal| Treasury bond secondary market was bearish Tuesday, as the average yield expanded by 2bps to 18.5%.

Across the benchmark curve, the average yield increased at the short (+1bp) and mid (+15bps) segments due to profit-taking activities on the MAR-2025 (+2bps) and APR-2032 (+37bps) bonds, respectively. Conversely, the average yield declined at the long (-2bps) end driven by interests in the MAR-2050 (-15bps) bond.

Activities in the Treasury bills secondary market was mixed with a bullish tilt, as the average yield pared by 1bp to 22.4%.

Across the curve, the average yield contracted at the short (-1bp) and mid (-1bp) segments following demand for the 23DTM (-2bps) and 177DTM (-1bp) bills, respectively.

The average yield was unchanged at the long end. Elsewhere, the average yield advanced by 9bps to 20.1% in the OMO segment.

Meanwhile, the overnight lending rate expanded by 98bps to 30.6%, in the absence of any significant outflows from the system.

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Access Pensions, Future Shaping
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