…Activities in the Treasury bond secondary market were mixed but with a bearish bias, as the average yield expanded slightly by 1bp to 18.6%
…Sentiments in the Treasury bills secondary market were bearish, as the average yield expanded by 39bps to 22.9%
MON JULY 08 2024-theGBJournal| Nigeria treasury yields were higher on Monday as investors look ahead to Q3 Bond auction, including fresh interest rates insights.
Sentiments in the Treasury bills secondary market were bearish, as the average yield expanded by 39bps to 22.9%.
Across the curve, the average yield declined at the short (-3bps) and mid (-4bps) segments, driven by buying interest in the 80DTM (-3bps) and 171DTM (-4bps) bills, respectively.
Meanwhile, the average yield expanded at the long (+28bps) end due to profit-taking activities on the 248DTM (+108bps) bill. In the OMO segment, the average yield contracted by 5bps to 24.3%.
Activities in the Treasury bond secondary market were mixed but with a bearish bias, as the average yield expanded slightly by 1bp to 18.6%.
Across the benchmark curve, the average yield increased at the short (+3bps) end, as investors sold off the MAR-2025 (+8bps) bond but closed flat at the mid and long segments.
The overnight lending rate contracted by 25bps to 32.3% in the absence of any significant inflows into the system
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
