TUE 15 MARCH, 2022-theGBJournal| The overnight lending rate was unchanged at 5.0%, despite the inflow from OMO maturities (NGN99.30 billion).
The Treasury Bills secondary market traded in a lull as the average yield closed flat at 3.5%. Similarly, the average yield at the OMO segment was unchanged at 3.8%.
Trading in the Treasury bond secondary market was mixed, as the average yield stayed flat at 10.4%. Across the benchmark curve, the average yield was unchanged at the short and long ends but expanded at the mid (+2bps) segment following sell pressures on the FEB-2028 (+9bps) bond.
The naira also closed flat at NGN416.50/USD at the I&E window, underscoring the general lull in the market today.
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