TUE, JULY 11 2023-theGBJournal |The Treasury bills secondary market traded with bullish sentiments, as the average yield contracted by 2bps to 6.3%.
Across the curve, the average yield closed flat at the short and mid segments but contracted at the long (-3bps) end, following interests on the 352DTM (-34bps) bill.
Likewise, the Treasury bond secondary market traded with bullish sentiments, as the average yield contracted by 23bps to 12.8%.
Across the benchmark curve, the average yield contracted at the short (-3bps), mid (-7bps), and long (-36bps) segments as investors demanded the MAR-2024 (-13bps), APR-2032 (-16bps), and MAR-2035 (-96bps) bonds, respectively.
The naira depreciated by 5.6% to N788.42/USD at the I&E window.
The overnight lending rate contracted by 8bps to 1.3%, in the absence of any significant inflow into the system.
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