Home Money Markets Wrap| T-bills dips 2bps to 4.6% on bullish trade, Bonds average...

Markets Wrap| T-bills dips 2bps to 4.6% on bullish trade, Bonds average yield ends day at 11.1% and Naira gains 0.2%

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MON, 20 JUNE, 2022-theGBJournal| Trading in the Treasury bills secondary market was bullish, as the average yield contracted by 2bps to 4.6%.

Across the curve, the average yield declined at the short (-2bps), mid (-5bps) and long (-1bp) segments as investors demanded the 66DTM (-8bps), 157DTM (-38bps) and 220DTM (-7bps) bills, respectively.

Elsewhere, the average yield expanded by 3bps to 4.6% in the OMO segment.

Proceedings in the Treasury bond secondary market were mixed, although with a bearish tilt, as the average yield expanded slightly by 1bp to 11.1%.

Across the benchmark curve, the average yield closed flat at the short end but expanded at the mid (+4bps) and long (+1bp) segments as investors sold off the JUL-2030 (+5bps) and MAR-2050 (+3bps) bonds, respectively.

At the currency market, the naira appreciated by 0.2% to NGN421.33/USD at the I&E window.

Twitter-@theGBJournal| Facebook-The Government and Business Journal|email: gbj@govbusinessjournal.ng|govandbusinessj@gmail.com

Related posts:

  1. Markets Wrap| Overnight rates ends week at 12.5%, bonds average yield closed higher at the short end following sell pressures
  2. Markets| Bond yield moves lower by 3bps to 11.4%, T-Bills yield drops 10bps to 4.1%, Naira gains 0.2% at the I&E window
  3. Markets Wrap| T-Bills average yield pars by 1bp to 3.7% on bullish trade, bonds yields contracts by 2bps to 11.1%, naira gains 0.2% to N418.25/$
  4. Markets Wrap| T-Bills yield unchanged at 3.7%, bonds yield contracts by 1bp to 11.1% and Naira trades N430/$ at I&E window
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