Home Money Markets Wrap| T-bills yield declines by 7bps to 4.3% after bullish trade,...

Markets Wrap| T-bills yield declines by 7bps to 4.3% after bullish trade, bond unchanged at 11.5%, Naira flat at N416.67/$

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TUE 08 FEB, 2022-theGBJournal- The Treasury bills secondary market traded with bullish sentiments, as the average yield declined by 7bps to 4.3%. Across the benchmark curve, the average yield was unchanged at the short end but contracted at the mid (-1bp) and long (-15bps) segments following demand for the 176DTM (-6bps) and 190DTM (-87bps) bills, respectively. Elsewhere, the average yield at the OMO segment remained flat at 5.5%.

The Treasury bond secondary market traded quietly, as the average yield was unchanged at 11.5%. Across the benchmark curve, the average yield pared at the short (-1bp) end as investors demanded the APR-2023 (-1bp) bond but was unchanged at the mid and long segments.

The overnight lending rate contracted by 700bps to 5.3%, following inflows from OMO maturities (NGN139.14 billion).

The naira was flat at NGN416.67/USD at the I&E window.

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Access Pensions, Future Shaping
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