…Across the benchmark curve, the average yield increased slightly at the short (+1bp) end due to sell pressures on the MAR-2025 (+2bps) bond
THUR JUNE 27 2024-theGBJournal| Treasury bond secondary market traded quietly on Thursday, as the average yield was unchanged at 18.5% after rising 7bps on Wednesday.
Across the benchmark curve, the average yield increased slightly at the short (+1bp) end due to sell pressures on the MAR-2025 (+2bps) bond but closed flat at the mid and long segments.
The Treasury bills secondary market traded with bearish sentiments, as the average yield expanded by 7bps to 22.1%. Across the curve, the average yield pared at the short (-1bp) and mid (-1bp) segments following buying interests in the 91DTM (-1bp) and 182DTM (-1bp) bills, respectively.
Conversely, the average yield increased at the long (+16bps) end driven by profit-taking activities on the 315DTM (+85bps) bill. Meanwhile, the average yield declined by 2bps to 23.5% in the OMO segment.
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