THURS. 01 DEC, 2022-theGBJournal| Activities in the NTB secondary market were bearish, as the average yield expanded by 181bps to 11.0%. Across the curve, the average yield was flat at the short and mid segments but expanded at the long (+482bps) end following the selloff of the 343DTM (+14.8ppts) bill.
Elsewhere, the average was unchanged at 10.1% in the OMO segment.
The overnight lending rate contracted by 125bps to 9.6%, in the absence of any significant inflow into the system.
The Treasury bond secondary market traded with bullish sentiments, as the average yield contracted by 8bps to 14.3%.
Across the benchmark curve, the average yield contracted at the short (-15bps) and long (-5bps) ends as investors demanded the MAR-2024 (-43bps) and MAR-2036 (-24bps) bonds, respectively. Conversely, the average yield was flat at the mid segment.
The naira depreciated by 0.1% to NGN445.83/USD at the I&E window.
Twitter-@theGBJournal|Facebook-The Government and Business Journal|email:gbj@govbusinessjournal.ng|govandbusinessj@gmail.com