WED. 21 DEC, 2022-theGBJournal| The naira depreciated by 0.8% to close at N456.33/USD at the I&E window.
At the money market, the overnight lending rate expanded by 38bps to 16.8%, in the absence of any significant funding pressure on the system.
Activities in the Nigerian Treasury bills secondary market were bullish, as the average yield contracted by 259bps to 5.6%.
Across the curve, the average yield contracted at the short (-167bps), mid (-269 bps), and long (-339bps) segments as investors demanded the 85DTM (-225bps), 155DTM (-346bps), and 323DTM (-405bps) bills, respectively.
Similarly, the average yield contracted by 315bps to 6.9% in the OMO segment.
Proceedings in the Treasury bonds secondary market were bullish, as the average yield contracted by 20bps to 13.1%.
Across the benchmark curve, the average yield contracted at the short (-48bps), and long (-6bps) ends following buying interests in the APR-2023 (-251bps), and MAR-2036 (-21bps) bonds, respectively.
The average yield remained flat at the mid segment.
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