MON APRIL 15 2024-theGBJournal| Trading in the Treasury bond secondary market today was mixed, albeit with a bearish tilt, as the average yield inched higher by 1bp to 19.2%.
Across the benchmark curve, the average yield expanded at the short (+2bps) end as investors sold off the MAR-2025 (+5bps) bond. Conversely, the average yield was flat at the mid and long segments.
The NTB secondary market traded with bullish sentiments, as the average yield contracted by 8bps to 18.8%.
Across the curve, the average yield declined at the short (-23bps), mid (-3bps) and long (-4bps) segments as participants demanded the 87DTM (-127bps), 164 DTM (-3bps) and 346 DTM (-4bps) bills, respectively. Similarly, the average yield declined by 3bps to 18.2% in the OMO segment.
Meanwhile, the overnight lending rate expanded by 31bps to 30.4% despite the N28.53 billion inflow from FGN bond coupon payment.
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