Home Companies&Markets Treasury bonds yield expands 3bps to 18.6% driven by sell pressures, T-bills...

Treasury bonds yield expands 3bps to 18.6% driven by sell pressures, T-bills yield closes 36bps up to 22.1%

98
0
Access Pensions, Future Shaping

WED JUNE 05 2024-theGBJournal|Treasury bonds secondary market was bearish in contrast to Tuesday’s calm trading.

The average yield expanded on Wednesday by 3bps to 18.6% from 18.5%.

Across the benchmark curve, the average yield increased at the short (+1bp) and mid (+14bps) segments driven by sell pressures on the MAR-2025 (+2bps) and FEB-2031 (+33bps) bonds but closed flat at the long end.

Activities in the Treasury bills secondary market were bearish, as the average yield expanded by 36bps to 22.1%.

Across the curve, the average yield pared at the short (-1bp) and mid (-1bp) segments following demand for the 92DTM (-1bp) and 169DTM (-1bp) bills, respectively, but advanced at the long (+40bps) end as participants sold off the 351DTM (+25.46ppts) bill. Similarly, the average yield increased by 60bps to 22.0% in the OMO segment.

The overnight lending rate expanded by 176bps to 30.3%, following the settlements for the OMO auction (N513.95 billion) conducted Tuesday.

Cordros Mutual Fund prices and returns as of today

X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com

Access Pensions, Future Shaping
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments