…Overnight lending rate expanded by 98bps to 31.4%
TUE APRIL 16 2024-theGBJournal|Trading in the Treasury bills secondary market was mixed albeit with a bullish undertone Tuesday as the average yield contracted by 1bp to 18.8%.
Across the curve, the average yield pared at short (-1bp), mid (-1bp) and long (-1bp) segments following buying interests in the 86DTM (-1bp),163DTM (-1bp) and 345DTM (-1bp) bills, respectively.
Similarly, the average yield declined by 1bp to 18.2% in the OMO segment.
The Treasury bonds secondary market was quiet, as the average yield was unchanged at 19.2% on Tuesday. Across the benchmark curve, the average yield inched higher at the short (+1bp) end as investors sold off the MAR-2025 (+2bps) bond but closed flat at the mid and long segments.
The overnight lending rate expanded by 98bps to 31.4% despite the inflows from OMO maturities (N17.00 billion).
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