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

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

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  1. Markets Wrap| Treasury bond average yield ends day at 11.1%, T-Bills unchanged at 3.6% and lending rate expands by 88bps to 12.4%
  2. Markets Wrap| T-Bills expands27bps to 5.1% on bearish sentiments, bonds yield at 11.1% and local currency trades 0.2% lower at N421/US$
  3. Markets Wrap| T-Bills yield pares by 1bp to 7.9% bonds trade quietly in anticipation PMA result and Naira falls slightly, down 0.1%/$
  4. Markets| Bond yield moves lower by 3bps to 11.4%, T-Bills yield drops 10bps to 4.1%, Naira gains 0.2% at the I&E window
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