Home Companies&Markets Markets Wrap| Bonds yield dips 10bps to 10.9% on bullish trade, T-Bills...

Markets Wrap| Bonds yield dips 10bps to 10.9% on bullish trade, T-Bills yield settles lower by 7bps to 4.4%, Naira unchanged at N416.25/US$

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Access Pensions, Future Shaping

WED 26 JAN, 2022-theGBJournal- The overnight lending rate was unchanged at 1.9% in the absence of any significant funding pressures on the system.

Trading in the NTB secondary market was bullish, as the average yield settled lower by 7bps to 4.4%. Across the curve, the average yield contracted at the short (-9bps) and mid (-14bps) segments following demand for the 92DTM (-51bps) and 183DTM (-83bps) bills, respectively; the average yield was flat at the long end. Elsewhere, the average yield expanded by 25bps to 5.8% in the OMO segment.

The Treasury bond secondary market remained bullish, as the average yield declined by 10bps to 10.9%. Across the benchmark curve, the average yield contracted at the short (-25bps), mid (-4bps) and long (-3bps) segments as investors demanded the MAR-2025 (-73bps), MAR-2027 (-16bps), and MAR-2050 (-16bps) bonds, respectively.

At the currency naira was flat at NGN416.25/USD at the I&E window.

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Access Pensions, Future Shaping
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