MON APRIL 22 2024-theGBJournal| Trading in the Treasury bond secondary market was bearish today, as the average yield expanded marginally by 1bp to 19.0%.
Across the benchmark curve, the average yield advanced at the short (+2bps) end due to sell-offs on the MAR-2025 (+4bps) bond but was flat at the mid and long segments.
Sentiments in the T-bills secondary market was bullish, as the average yield declined by 3bps to 25.2%. Across the curve, the average yield contracted at the short (-5bps), mid (-5bps) and long (-1bp) segments as investors demanded the 31DTM (-6bps), 157DTM (-5bps) and 325DTM (-5bps) bills, respectively.
Similarly, the average yield dipped by 3bps to 18.4% in the OMO segment.
At the money market, the overnight lending rate expanded by 71bps to 30.3%, in the absence of any significant funding pressure on the system.
Meanwhiule, The naira continues on its downwards trend against the greenback, depreciating by 5.2% to N1,234.49/US$1 at the Nigerian Autonomous Foreign Exchange Market (NAFEM) today.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
