MON, NOV 13 2023-theGBJournal|The Nigerian Treasury bills secondary market traded with bullish sentiments, as the average yield contracted by 2bps to 13.4%.
Across the curve, the average yield declined across the short (-1bp), mid (-1bp) and long (-2bps) segments following buying interest in the 87DTM (-1bp), 178DTM (-2bps) and 346DTM (-3bps) bills, respectively. Similarly, the average yield contracted by 2bps to 15.8% in the OMO segment.
Sentiments in the Treasury bond secondary market were mixed, albeit with a bullish tilt, as the average yield pared by 1bp to 15.7%. Across the benchmark curve, the average yield declined at the short (-3bps) end as investors demanded the JAN-2026 (-13bps) bond but was unchanged at the mid and long segments.
Volatile naira fell on Monday by 1.9% to N795.41/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM) as the
The overnight lending rate expanded by 32bps to 17.9%, in the absence of any significant outflows from the system.
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