MON 28 MARCH, 2022-theGBJournal| The overnight lending rate contracted by 117bps to 5.0% in the absence of any significant funding pressure on the system.
Activities in the Treasury bills secondary market were quiet, as the average yield was unchanged at 3.2%. Similarly, the average yield was flat at 3.6% in the OMO segment.
The Treasury bond secondary market traded with mixed sentiments, as the average yield was unchanged at 10.6%. Across the benchmark curve, the average yield contracted at the short (-2bps) end as investors demanded the APR-2023 (-6bps) bond; but inched higher at the long (+1bp) end following profit-taking on the JUL-2045 (+10bps) bond. Conversely, the average yield was flat at the mid segment.
Meanwhile, the local currency opened the week trading flat at NGN416.50/USD at the I&E window.
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