THUR 30 DEC, 2021-theGBJournal- The overnight lending rate contracted by 25bps to 11.3% in the absence of any significant funding pressures on the system.
The NTB secondary market was mixed, albeit with a bullish bias as the average yield contracted slightly by 1bp to 4.4%. Across the curve, the average yield was unchanged at the short and mid segments but pared at the long (-1bp) end following demand for the 301DTM (-11bps) bill. Elsewhere, the average yield was unchanged at 5.5% in the OMO segment.
Trading in the Treasury bond secondary market was mixed, as the average yield pared by 1bp to 11.4%. Across the benchmark curve, the average yield was flat at the short and mid segments but contracted at the long (-3bps) end as investors demanded the APR-2049 (-9bps) bond.
The naira stayed flat at NGN415.00/USD at the I&E window.
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