THUR. 22 DEC, 2022-theGBJournal| The NTB secondary market was bullish, as the average yield contracted by 19bps to 5.4%.
Across the curve, the average yield contracted at the short (-61bps) end following investors’ interest in the 77DTM (-110bps) bill but closed flat at the mid and long segments.
Similarly, the average yield contracted by 262bps to 4.3% in the OMO segment.
In the same vein, the Treasury bond secondary market closed on a bullish note, as the average yield contracted by 7bps to 13.0%.
Across the benchmark curve, the average yields contracted at the short (-7bps), and long (-11bps) ends, as investors demanded the JAN-2026 (-40bps), and MAR-2035 (-73bps) bonds, respectively.
Conversely, the average yield was unchanged at the mid segment.
The naira was flat at NGN456.25/USD at the I&E window
The overnight lending rate contracted by 50bps to 10.1%, in the absence of any significant funding pressure on the system.
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