Home Business Yields rises 14bps to 19.8% as investors took profits off the APR-2029...

Yields rises 14bps to 19.8% as investors took profits off the APR-2029 and JUL-2030 bonds, treasury bills yield closes lower at 26%

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THUR AUG 08 2024-theGBJournal| The Treasury bills secondary market traded with bullish sentiments Thursday, as the average yield contracted by 6bps to 26.0%.

Across the curve, the average yield declined at the short (-1bp), mid (-2bps), and long (-11bps) segments due to participants’ demand for the 91DTM (-2bps), 182DTM (-2bps), and 245DTM (-87bps) bills, respectively.

Similarly, the average yield contracted by 2bps to 26.1% in the OMO segment.

Conversely, the Treasury bonds secondary market closed on a bearish note on Thursday, as the average yield advanced by 14bps to 19.8%.

Across the benchmark curve, the average yield increased at the short (+30bps) and mid (+34bps) segments as investors took profits off the APR-2029 (+96bps) and JUL-2030 (+60bps) bonds, respectively, but pared at the long (-1bp) end following buying interest in JUN-2038 (-11bps) bond.

The overnight lending rate expanded by 587bps to 31.7% in the absence of any significant inflows into the system.

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Access Pensions, Future Shaping
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