Home Companies&Markets MARKETS: Bond yields yield expand 10bps to 3.9%profit-taking, Naira gains 1.0% to...

MARKETS: Bond yields yield expand 10bps to 3.9%profit-taking, Naira gains 1.0% to N485/$ in the parallel market

By
Editor
-
439
0
Access Pensions, Future Shaping

WED, 02 DEC, 2020-theGBJournal- The Treasury bonds secondary market was bearish today, as average yield expanded by 10bps to 3.9%. Across the curve, average yield expanded at the short (+10bps) and long (+16bps) segments, due to profit-taking on the APR-2023 (+40bps) and APR-2037 (+129bps) bonds, respectively. Average yield was flat at the mid-segment of the curve.
The overnight lending rate was unchanged at 1.0%, in the absence of any significant movement in the system.
The NTB secondary market remained mixed, as average yield was flat at 0.1%. At the OMO secondary market, average yield pared by 1bp to 0.1%.
At the FX market, it was mixed fortune for the naira. While it depreciated further by 0.3% to NGN395.00/USD at the I&E window it appreciated by 1.0% to NGN485.00/USD in the parallel market, continuing the trend witnessed Tuesday.
Twitter-@theGBJournal|email: info@govandbusinessjournal.com.ng

Related posts:

  1. MARKETS: Treasury bonds contracted slightly by 12bps to 5.0%, naira weakens at both windows and NSE ASI gains 0.8% to 35,493.15 points
  2. MARKETS BRIEF: Treasury bonds average yield expands by 19bps to 6.8% as investors take profit on the long end of the curve, NSE ASI sheds 0.1%, naira stays flat
  3. Markets Wrap: Insurance, banking and consumer goods indices fall as ASI ends day’s trading flat at 39,303.09 points, Naira trades N411.25/US$ at I&E Window
  4. Markets wrap: Bonds average yield shrinks at the short, mid and long segments, NTB secondary market was bearish, naira stays flat at N415.07/$
Access Pensions, Future Shaping

RELATED ARTICLESMORE FROM AUTHOR