WED, 22 JUNE, 2022-theGBJournal| The Nigerian Treasury bills secondary market traded with bearish sentiments, as the average yield expanded by 3bps to 4.7%. Across the curve, the average yield expanded at the short (+4bps) and mid (+4bps) segments as participants sold off the 64DTM (+26bps) and 115DTM (+15bps) bills, respectively; but was flat at the long end. Similarly, the average yield expanded by 12bps to 5.2% in the OMO segment.
Trading in the Treasury bonds secondary market was bullish, as the average yield dipped by 6bps to 11.1%. Across the benchmark curve, the average yield contracted at the short (-6bps), mid (-4bps), and long (-7bps) segments, following buying interests on the MAR-2024 (-15bps), APR-2032 (-7bps), and MAR-2050 (-13bps) bonds, respectively.
At the money market, the overnight lending rate expanded by 13bps to 14.1%, following outflows for the FGN bond auction (N226.13 billion).
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