Home Money Markets Watch| Treasury bills, Naira trades flat at N445.50/$ and 10.6% respectively,...

Markets Watch| Treasury bills, Naira trades flat at N445.50/$ and 10.6% respectively, bonds yield expands by 3bps to 14.3%

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TUE, 22 NOV, 2022-theGBJournal| The NTB secondary market traded in a lull, as the average yield closed flat at 10.6%.

Similarly, the average yield was unchanged at 10.2% in the OMO segment.

Activities in the Treasury bond secondary market closed on a bearish note, as the average yield expanded by 3bps to 14.3%.

Across the benchmark curve, the average yields expanded at the short (+6bps), mid (+3bps), and long (+1bp) segments, following profit-taking activities on the MAR-2025 (+35bps), APR-2032 (+5bps), and JUL-2034 (+9bps) bonds, respectively.

At the money market, the overnight lending expanded by 75bps to 17.3%, despite the inflow from FGN bond coupon payment (NGN9.37 billion).

Meanwhile, the local currency, the naira was flat at NGN445.50/USD at the I&E window

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