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Markets Wrap|T-Bills average yield flat at 4.4%, Bonds yield down 2bps to 11.3%, Naira unchanged at N416.33/$ at the I&E window

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Access Pensions, Future Shaping

MON 17 JAN, 2022-theGBJournal- At NTB segment of the treasury bills secondary market, trading ended quietly, as the average yield was unchanged at 4.4%. Similarly, the average yield was flat at 5.6% at the OMO segment.

The overnight lending rate expanded by 50bps to 15.3% in the absence of any significant inflow into the system.

Trading in the secondary bond market was mixed, albeit with a bullish tilt as the average yield declined by 2bps to 11.3%. Across the benchmark curve, the average yield expanded at short (+2bps) end as investors sold off JAN-2026 (+18bps) bond, but contracted at mid (-5bps) and long (-4bps) segments following investors’ demand for FEB-2028 (-21bps) and MAR-2036 (-14bps) bonds, respectively.

The naira was flat at NGN416.33/USD at the I&E window.

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

Access Pensions, Future Shaping
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