…The overnight lending rate contracted by 6bps to 32.1% in the absence of any significant inflows into the system.
…Across the curve, the average T-bills yield declined at the short (-1bp) and mid (-14bps) segments due to buying interest in the 72DTM (-1bp) and 142DTM (-79bps) bills, respectively
TUE JULY 16 2024-theGBJournal|Proceedings in the Treasury bonds secondary market were mostly quiet on Tuesday, as the average yield increased moderately by 1bp to 19.1%.
Across the benchmark curve, the average yield advanced at the short (+3bps) end due to sell pressures on the JAN-2026 (+13bps) bond but stayed flat at the mid and long segments.
Trading in the NTB secondary market remained bullish, as the average yield contracted by 2bps to 23.3%.
Across the curve, the average T-bills yield declined at the short (-1bp) and mid (-14bps) segments due to buying interest in the 72DTM (-1bp) and 142DTM (-79bps) bills, respectively.
Conversely, the average yield expanded at the long (+3bps) end as participants took profits off the 240DTM (+60bps) bill. Elsewhere, the average yield decreased by 2bps to 24.2% in the OMO segment.
Meanwhile, the overnight lending rate contracted by 6bps to 32.1% in the absence of any significant inflows into the system.
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