MON 25 APRIL, 2022-theGBJournal | Proceeding in the Treasury bills secondary market was quiet, with market participants anticipating Wednesday’s PMA. Thus, the average yield stayed flat at 3.8%. Elsewhere, the average yield expanded by 5bps to 4.1% in the OMO segment.
Similarly, there was quiet activity in the Treasury bonds secondary market as investors switched their focus to the April bond auction in anticipation of higher stop rates. Consequently, the average yield was unchanged at 11.0%.
The overnight lending rate expanded by 558bps to 11.3% in the absence of any significant inflows in the system.
The naira appreciated by 0.3% to NGN417.30/USD at the I&E window.
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