THUR 03 FEB, 2022-theGBJournal- The overnight lending rate contracted by 25bps to 1.0%, in the absence of any significant funding pressures on the system.
The NTB secondary market continued trading with mixed sentiments, as the average yield was unchanged at 4.4%. Similarly, the average yield was flat at 5.5% in the OMO segment.
Trading in the Treasury bond secondary market was mixed, as the average yield stayed flat at 11.5%. Across the benchmark curve, as the average yield contracted at the short (-2bps) end as investors demanded the JAN-2026 (-3bps) bond but expanded at the long (+1bp) end due to profit-taking on the MAR-2035 (+3bps) bond. The average yield remained flat at the mid segment.
Meanwhile, the naira was flat at NGN416.07/USD at the I&E window.
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