Home Money Markets Wrap| Bond yield falls 3bps to 11.4% after bullish trade, Naira...

Markets Wrap| Bond yield falls 3bps to 11.4% after bullish trade, Naira drops 0.1% at the IEW, T-Bills yield was unchanged at 4.4%

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THUR 13 JAN, 2022-theGBJournal- Trading in the Treasury bond secondary market was bullish, as the average yield declined by 3bps to 11.4%. Across the benchmark curve, the average yield contracted at the short (-1bp), mid (-3bps) and long (-6bps) segments following increased demand for the APR-2023 (-1bp), MAR-2027 (-6bps) and MAR-2035 (-41bps) bonds, respectively.

The NTB secondary market continued trading with mixed sentiments, as the average yield was unchanged at 4.4%. Similarly, the average yield was flat at 5.6% at the OMO segment.

The overnight lending rate contracted by 150bps to 14.3%, in the absence of any significant funding pressures on the system, and the naira depreciated by 0.1% to NGN416.50/USD at the I&E window.

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Related posts:

  1. Markets Wrap: Naira falls 1.7% to N422.07/$, bond yield closed flat at 11.3%, demand for the 14dtm and 105dtm bills dominate T-Bills trading
  2. Markets Wrap: Investors sell off Feb-2028 and Mar-2035 bonds, T-Bills average yield pares by 1bp to 4.5%, Naira falls 0.1% at the I&E window
  3. Markets Wrap| NGX kicks off the trading week in red, bond average yield flat at 11.4%, naira unmoved, stays flat at N415.00/$
  4. Markets wrap: Bonds average yield shrinks at the short, mid and long segments, NTB secondary market was bearish, naira stays flat at N415.07/$
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