WED, JULY 19 2023-theGBJournal | The Nigerian Treasury bills secondary market turned bullish Wednesday, as the average yield contracted by 191bps to 4.3%.
Across the curve, the average yield declined at the short (-329bps), mid (-218bps), and long (-148bps) segments following demand for the 36DTM (-381bps), 141DTM (-222bps), and 239DTM (-255bps) bills, respectively.
Trading in the Treasury bonds secondary market was bearish, as the average yield declined by 1bp to 12.8%.
Across the benchmark curve, the average yield expanded at the mid (+20bps) segment, as investors sold off the APR-2029 (+37bps) bond, but dipped at the long (-3bps) end following buying interest in the APR-2049 (-21bps) bond.
Conversely, the average yield closed flat at the short end.
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