THUR, 10 DEC, 2020-theGBJournal- The Treasury bonds secondary market remained bearish, as average yield expanded by 7bps to 4.3%. Across the curve, average yield expanded at the short (+1bp) and long (+16bps) segments, due to profit-taking on the JAN-2022 (+7bps) and APR-2049 (+32bps) bonds, respectively. Average yield at the mid segment was flat.
The NTB secondary market was mixed today, as the average yield was flat at 0.5%. Similarly, average yield at the OMO secondary market also stayed put at 0.5%.
The overnight lending rate expanded by 52bps to 1.4%, following outflows from the system for CBN’s weekly OMO auction.
At the currency market, the naira was flat at NGN394.60/USD at the I&E window, but appreciated by 0.4% to NGN476.00/USD in the parallel market.
Twitter-@theGBJournal|email: info@govandbusinessjournal.com.ng
