Home Money Markets Wrap|Naira gains 0.1%/$, Treasury Bills yield settles at 1.4% and ...

Markets Wrap|Naira gains 0.1%/$, Treasury Bills yield settles at 1.4% and FGN bond inches higher by 1bp to 12.9%

210
0
Access Pensions, Future Shaping

MON. 30 JANUARY, 2023-theGBJournal| The Treasury bills secondary market traded with bullish sentiments, as the average yield contracted by 3bps to 1.4%. Across the curve, the average yield was flat at the short end but expanded at the mid (+21bps) segment as participants sold off the 129DTM (+64bps) bill.

Conversely, the average yield declined at the long (-18bps) end due to demand for the 297DTM (-105bps) bill. Elsewhere, the average yield was flat at 2.9% in the OMO segment.

Activities in the FGN bond secondary market were mixed, albeit with a bearish tilt, as the average yield inched higher by 1bp to 12.9%.

Across the benchmark curve, the average yield increased at the short (+4bps) end due to the selloff of the MAR-2024 (+21bps) bond but contracted at the long (-2bps) end as investors demanded the MAR-2036 (-17bps) bond.
The average yield closed flat at the mid segment.

At the money market, the naira appreciated by 0.1% to N461.50/USD at the I&E window.

The overnight lending rate closed flat at 11.0%, as the system liquidity closed at a net long position (NGN581.26 billion).

Twitter-@theGBJournal|Facebook-The Government and Business Journal|email:gbj@govbusinessjournal.ng|govandbusinessj@gmail.com

Access Pensions, Future Shaping
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments