Tag: OVN rate

SAT JUNE 22 2024-theGBJournal| The T-bills secondary market closed on a bearish note Friday, with most pressure on the 34DTM (+129bps) paper and a...

SAT, 02 JULY, 2022-theGBJournal| The Treasury bills secondary market remained bearish this week due to the intertwined factors of persistent illiquidity in the system...

SAT, 25 JUNE, 2022-theGBJournal| The bears continued to dominate the Treasury bills secondary market this week as the depressed system liquidity triggered sell-offs from...

SAT, 18 JUNE, 2022-theGBJournal| The depressed system liquidity underpinned another bearish performance in the Treasury bills secondary market as participants sold off instruments in...

SAT 04 SEPT, 2021-theGBJournal- Bullish sentiments persisted in the Treasury Bonds secondary market as investors continue to cherry-pick attractive instruments across the curve. Specifically,...

SAT 03 JULY, 2021-theGBJournal- The overnight (OVN) rate declined by 10.50ppts w/w to 12.5%. The contraction was due to improved system liquidity as inflows...

SAT 05 JUNE, 2021-theGBJournal- It was another week of bearish trading in the Treasury bills secondary market, following the absence of renewed injections despite...

SAT, MARCH 13 2021-theG&BJournal- Just as we envisaged, activities in the Treasury bills secondary market remained bearish (average yield across all instruments expanded by...

SAT 06 FEB, 2021-theGBJournal- The overnight (OVN) rate expanded by 700bps w/w to 18.0% as system liquidity (weekly average c. NGN224.52 billion) was squeezed...

THUR, 24DEC, 2020-theGBJournal- The overnight rate (OVN) contracted by 392bps w/w to 0.6%. We note that the rate stayed depressed through the week as...