MON. 13 FEB, 2023-theGBJournal| The Nigerian Treasury bills secondary market traded with bullish sentiments, as the average yield contracted by 5bps to 1.4%.
Across the curve, the average yield closed flat at the short end but expanded at the mid (+14bps) segment following the sell-off of the 115DTM (+43bps) bill.
Conversely, the average yield declined at the long (-23bps) end due to demand for the 269DTM (-114bps) bill. Elsewhere, the average yield remained flat at 1.3% in the OMO segment.
Similarly, activities in the FGN bond secondary market were bullish, as the average yield contracted by 2bps to 12.7%.
Across the benchmark curve, the average yield contracted at the short (-4bps) and long (-1bp) ends as investors demanded the APR-2023 (-15bps) and APR-2037 (-9bps) bonds, respectively. The average yield closed flat at the mid segment.
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