MON 29 NOV, 2021-theGBJournal- The overnight lending rate contracted by 42bps to 15.3% in the absence of significant funding pressures on the system.
The NTB secondary market traded quietly as the average yield was unchanged at 4.9%. Across the benchmark curve, the average yield was flat the short and mid-segments but expanded slightly at the long (+1bp) end as market participants sold off the 269DTM (+12bps) bill. Similarly, mixed sentiments were recorded at the OMO segment as the average yield closed flat at 5.5%.
Trading at the Treasury bond secondary market ended the day mixed, albeit with a bullish tilt, as the average yield pared by 1bp to 11.3%. Across the benchmark curve, the average yield declined at the short (-1bp) and mid (-2bps) segments following investors’ demand for the JAN-2026 (-4bps) and JUL-2030 (-5bps) bonds, respectively; the long end remained unchanged.
The naira was flat at NGN415.07/USD at the I&E window.
Twitter-@theGBJournal|Facebook-The Government and Business Journal|email: govandbusinessj@gmail.com
