THUR 17 FEB, 2022-theGBJournal – The overnight lending rate contracted by 28bps to 1.0% in the absence of any significant funding pressure on the system.
The Treasury bill secondary market traded with bullish sentiments, as the average yield declined by 5bps to 4.1%. Across the curve, the average yield contracted at the short (-15bps) end as market participants’ demanded the 84DTM (-89bps) bill; the average yield closed flat at the mid and long segments. Elsewhere, the average yield was flat at 5.3% in the OMO segment.
Trading in the Treasury bond secondary market was bullish, as the average yield contracted by 14bps to 11.3%. Across the benchmark curve, the average yield contacted at the short (-51bps) end following buying interest on the MAR-2025 (-129bps) bond. Conversely, the average yield was flat at the mid and long segments.
The naira was flat at NGN416.67/USD at the I&E window.
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