WED MAY 22 2024-theGBJournal| Activities in the Treasury bills secondary market remained mixed but with a bullish tilt, as the average yield pared by 1bp to 22.1%.
Across the curve, the average yield declined at the short (-1bp), mid (-1bp) and long (-1bp) segments following demand for the 50DTM (-2bps), 169DTM (-1bp) and 337DTM (-2bps) bills, respectively.
Similarly, the average yield contracted by 1bp to 20.9% in the OMO segment.
Elsewhere, proceedings in the Treasury bonds secondary market were quiet, as the average yield closed flat at 18.6%.
Across the benchmark curve, the average yield increased slightly at the short (+1bp) end due to profit-taking activities on the MAR-2025 (+2bps) bond but was unchanged at the mid and long segments.
Meanwhile, the overnight lending rate contracted by 142bps to 30.7%, in the absence of any significant inflows into the system.
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