TUE 22 FEB, 2022-theGBJournal- Trading in the NTB secondary market was quiet, as the average yield was unchanged at 4.2%. Similarly, the average yield was flat at 5.3% in the OMO segment.
Proceedings at the Treasury bond secondary market were bullish, as the average yield contracted by 13bps to 11.0%. Across the benchmark curve, the average yield expanded at the short (+1bp) end following investors’ sell-off of the MAR-2025 (+42bps) bond but contracted at the mid (-38bps) and long (-6bps) segments as market participants demanded the FEB-2028 (-42bps) and JUL-2034 (-34bps) bonds, respectively.
At the currency market, he naira appreciated by 0.2% to NGN416.00/USD at the I&E window.
The overnight lending rate contracted by 633bps to 6.3%, as the inflow from OMO maturities (NGN227.20 billion) improved overall system liquidity.
Twitter-@theGBJournal|Facebook-The Government and Business Journal|email: govandbusinessj@gmail.com|
