LAGOS, FEBRUARY 20, 2018 – The Nigerian short-term treasury bill yield fell 50 basis points on Tuesday as traders expect a drop in second quarter auction volumes after the government raised $2.5 billion from a Eurobond last week to payoff some maturities.
The government has been working to lower its borrowing costs, particularly as inflation fell for the 12th time in a row in January. It sold Eurobonds last week to payoff the bills rather than rolling over debt as it has done in the past.
