Home Money Markets Brief: Naira closes at N522.00/$ at parallel market, T-Bills yield closed...

Markets Brief: Naira closes at N522.00/$ at parallel market, T-Bills yield closed flat at 5.0%, Treasury bond expands by 6bps to 11.1%

By
Editor
-
278
0
Access Pensions, Future Shaping

THUR 26 AUG, 2021-theGBJournal- The naira appreciated by 0.3% to NGN410.88/USD at the I&E window but depreciated by 0.2% to NGN522.00/USD at the parallel market.

The overnight lending rate contracted by 333bps to 10.0%, despite funding pressures from net NTB issuances (NGN150.13 billion).

The NTB secondary market closed was flat, as the average yield remains unchanged at 5.0%. Elsewhere, the average yield at the OMO segment expanded by 5bps to 6.0%.

Trading in the Treasury bond secondary market was bearish, as the average yield expanded by 6bps to 11.1%. Across the benchmark curve, average yield expanded at the short (+4bps), mid (+5bps) and long (+7bps) segments as investors sold off the JAN-2026 (+19bps), FEB-2028 (+9bps) and MAR-2035 (+20bps) bonds, respectively.

Twitter-@theGBJournal|Facebook-The Government and Business Journal|email: govandbusinessj@gmail.com

Related posts:

  1. Markets Wrap: Naira drops 0.9% to N562.00/$, Bonds average yield expands by 13bps to 11.4%, NTB secondary market was bearish
  2. Markets Wrap: Naira moves lower again against US Dollar, Treasury bond ends day bullish, OVN lending rate drops by 580bps to 7.8%
  3. Markets Wrap: Treasury bond closed flat at 11.2% as investors await result of today’s primary auction, NTB secondary market traded bullish, Naira flat at N415.10
  4. Markets Wrap: Naira flat, overnight lending rate expanded by 400bps to 19.0%, bonds average yield expands by 11bps to 11.6%
Access Pensions, Future Shaping

RELATED ARTICLESMORE FROM AUTHOR