MON, 18 JULY, 2022-theGBJournal| The naira appreciated by 0.3% to NGN429.13/USD at the I&E window at the end of trading session Monday.
The overnight lending rate was unchanged at 14.0% despite the inflow from FGN bond coupon payment (N65.36 billion).
At the Treasury Bills secondary market, trading activities were mixed as the average yield stayed flat at 6.9%.
Across the curve, the average yield contracted at the short (-1bp) end, following demand for the 24DTM (-1bp) bill, but was flat at the mid and long segments. Elsewhere, the average yield was flat at 7.4% in the OMO segment.
Similarly, the Treasury bond secondary market closed on a quiet note, as the average yield was flat at 11.4%. Across the benchmark curve, the average yield was flat at the short and mid segments but expanded at the long (+1bp) end as investors sold off the MAR-2035 (+6bps) bond.
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