MON JUNE 03 2024-theGBJournal| Treasury bond secondary market were mixed on Monday, although with a bearish tilt, as the average yield expanded slightly by 1bp to 18.5%.
Across the benchmark curve, the average yield expanded at the short (+2bps) end due to profit-taking activities in the MAR-2025 bond (+6bps) but was unchanged at the mid and long segments.
The Treasury bills secondary market traded with bullish sentiments, as the average yield declined by 2bps to 21.7%.
Across the curve, the average yield contracted at the short (-3bps) and mid (-3bps) segments, following interests in the 24DTM (-4bps) and 171DTM (-4bps) bills, respectively, but was flat at the long end. Similarly, the average yield dipped by 4bps to 21.4% in the OMO segment.
Meanwhile, the overnight lending rate contracted by 12bps to 29.8% in the absence of any significant inflows into the system.
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